Treliant Risk Advisors Co-Chair Jo Ann Barefoot Appointed to CFPB’s New Consumer Advisory Board

WASHINGTON--(BUSINESS WIRE)--Treliant Risk Advisors Co-Chair Jo Ann S. Barefoot has been appointed to the Consumer Financial Protection Bureau’s (CFPB’s) new Consumer Advisory Board. The 25-member private sector board will advise the CFPB on a range of consumer financial issues and emerging market trends, as provided by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“During her distinguished career in the public and private sector, Jo Ann has been a leader on issues affecting the financial services industry, with a specific emphasis on fair lending and consumer financial issues”

“During her distinguished career in the public and private sector, Jo Ann has been a leader on issues affecting the financial services industry, with a specific emphasis on fair lending and consumer financial issues,” said Andrew L. Sandler, Chief Executive Officer of Treliant Risk Advisors. “Jo Ann’s contributions will be significant. I congratulate Jo Ann and her new colleagues on their appointment to this important new board.”

The newly appointed board members include experts in consumer protection, financial services, community development, fair lending, civil rights, and consumer financial products or services. They also represent depository institutions that operate in underserved communities and in communities that have been significantly impacted by the recent financial crisis.

In its official announcement, CFPB Director Richard Cordray said, “The Consumer Advisory Board will be a key resource to the CFPB and I look forward to working with its members to further our mission to protect American consumers.” The board will hold its first meeting later this month.

“I am honored to join a board of such depth and breadth of expertise,” said Jo Ann Barefoot. “These are challenging times with complex issues impacting consumers as well as the financial industry. I commend the CFPB for incorporating cross-sector thinking and collaboration, and I look forward to working with the new board to provide the CFPB with sound and well-considered advice.”

Jo Ann has over thirty-five years of management, strategy, and consulting experience focused on consumer financial regulation. A former Deputy Comptroller of the Currency and partner at the global consulting firm KPMG, she has advised most of America’s largest financial institutions, scores of community banks, and numerous non-profits and government agencies. She has authored several books and over 150 articles; has testified repeatedly before Congress and federal officials; and has built several organizations focused on consumer financial issues.

While at the Office of the Comptroller of the Currency, she built the OCC’s first consumer compliance department, leading the examination and enforcement process for consumer, civil rights, and community reinvestment laws. Other past positions have included Director of Mortgage Finance for the National Association of Realtors.

“Jo Ann is well-versed in the issues that the Consumer Advisory Board will be addressing, and her contributions to this new advisory board will undoubtedly have a positive impact,” added Mark W. Olson, Co-Chair of Treliant and former Federal Reserve Board Governor. “Jo Ann will provide valuable perspective on issues affecting consumers and the industry. This unique combination will benefit all. We congratulate everyone appointed to the board, and we thank them for their service during this critical time.”

About Treliant Risk Advisors

Treliant Risk Advisors, headquartered in Washington, DC and with offices in New York and Los Angeles, is a multi-disciplinary compliance, risk management, and strategic advisory firm for the financial services industry. With a strong team of highly experienced executives who have held senior positions in Fortune 100 companies, financial institutions, and regulatory agencies, Treliant Risk Advisors provides its clients with critical advice and solutions. Services include: regulatory compliance, risk management, compliance efficiency and integration, foreclosure practices review, business consulting, acquisition strategy, crisis management, corporate governance, due diligence, portfolio evaluation, financial analysis, and litigation expert sourcing. For more information, visit www.treliant.com.