Arkansas Capital Corporation CEO Sam Walls III has been appointed to the Consumer Advisory Board with the Consumer Financial Protection Bureau (CFPB). The CFPB describes the Consumer Advisory Board as “a crowdsourced group of experts on consumer protection, consumer financial products or services, community development, fair lending, civil rights, underserved communities, and communities that have been significantly impacted by higher-priced mortgage loans. They are a source of market intelligence and expertise for us, and also advise and consult us on our work. The board helps inform us about emerging practices or trends in the consumer finance industry, and shares analysis and recommendations. They are charged with identifying and assessing the impact of emerging products, practices, or services on consumers and other market participants.”
“I am honored to serve the CFPB in this advisory role,” says Walls. “Arkansas Capital is committed to providing equitable access to capital resources, and the Consumer Advisory Board will allow us to continue to fulfill our mission of supporting underserved entrepreneurs.”
Walls is one of 13 advisory board members who were all recommended by a president of a Federal Reserve Bank.