Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

CONTACT: WayneE.TraversJr. VantageScoreSolutions,LLC 2033632170 waynetravers@vantagescore.

com

VantageScoreSolutionsPresident/CEOBarrettBurns NamedtoFederalReserveBoardConsumerAdvisoryCouncil
STAMFORD, Conn., Jan. 10, 2011 The Federal Reserve Board has named VantageScore SolutionsPresidentandChiefExecutiveOfficerBarrettBurnstoitsConsumerAdvisoryCouncil. The Consumer Advisory Council was established in 1976 to represent interests of consumers, communitiesandthefinanceservicesindustry.CouncilmembersareappointedbytheFederal ReserveBoardofGovernorsandmeetthreetimesayearinWashington,D.C.Themeetingsare opentothepublic. The councils role is to advise the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters in the area of consumer financialservices. I am honored to serve on the Consumer Advisory Council, said Burns. The council plays an importantroleinprovidingguidancetotheFedonavarietyoffinancialissuesandthereisalot ofworktodointhemonthsaheadaswetackletheunprecedentedeconomicchallengesofour time. Burnshasmorethanthreedecadesofprofessionalexperienceinriskandcreditmanagement. BeforejoiningVantageScoreSolutions,hewastheexecutivevicepresidentheadingtheNational PrivateBankingGroupofU.S.TrustandamemberofbothU.S.Trustsexecutivecommitteeand theseniormanagementteamofitsparentcompany,theCharlesSchwabCorporation.

He also served as executive vice president of Global Risk Management at Ford Motor Credit Company, where he was a member of the organizations management committee and senior personnel,treasuryandexecutiveoversightcommittees. HehasalsoheldseniorpositionsattheconsumerandcommercialfinanceunitofBankOneand spent more than a decade with Citibank, including a position as group credit officer for an internationalconsumerbankingdivisionwithoperationsthroughouttheU.S.andEurope.Heis a member of the board of the Homeownership Preservation Foundation and also serves as a member of the Corporate Board of Governors for the National Association of Hispanic Real EstateProfessionals. AccordingtotheFederalReserveBoard,theCouncilwillholditsregularmeetingsin Washington,D.C.,untiladesignatedtransferdateuponwhichcertainconsumerprotection functionswillbetransferredfromtheBoardtothenewBureauofConsumerFinancial Protection,pursuanttotheDoddFrankAct.MoreinformationabouttheConsumerAdvisory Councilcanbefoundat: http://www.federalreserve.gov/aboutthefed/cac.htm
AboutVantageScore TheVantageScorecreditscoreisusedbyallofthetopfivecreditcardissuers,fourofthetopfivefinancial institutionsandtwoofthetopfiveautolenders. Stamford, Conn.based VantageScore Solutions, LLC (www.vantagescore.com) is an independently managed company that holds the intellectual property rights to VantageScore. Created by Americas three major credit reporting companies (CRCs) Equifax, Experian and TransUnion VantageScores highlypredictivemodelusesaninnovativeandpatentedscoringmethodologytoprovidelenderswitha moreconsistentinterpretationofconsumercreditfilesacrossallthreemajorcreditreportingcompanies andtheabilitytoscoremorepeople.

###

You might also like