Austin Capital Bank CEO is Appointed to Consumer Financial Protection Bureau Advisory Council



AUSTIN, TX (September 7, 2018) – The Bureau of Consumer Financial Protection today announced that it has appointed Austin Capital Bank (ACB) founder, CEO, and President Erik Beguin to the Community Bank Advisory Council for the Bureau. This advisory committee provides advice to Bureau leadership on a broad range of consumer financial issues and emerging market trends.

“I am appointing experts to the Bureau’s advisory committees who will bring a fresh perspective to our important work,” said Bureau Acting Director Mick Mulvaney. “These experts are highly talented individuals in consumer finance markets, and we look forward to working closely with them throughout their service.”

The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the Bureau with establishing a Consumer Advisory Board to advise and consult with the Bureau’s Director on a variety of consumer financial issues. The Bureau also created a Community Bank Advisory Council and a Credit Union Advisory Council to advise and consult with the Bureau on consumer financial issues related to community banks and credit unions.

“It is an honor and privilege to be one of the seven community bankers selected by the Bureau to serve on the Council as an advocate for consumers and the thousands of great community banks across our nation,” said Erik Beguin, CEO and President, Austin Capital Bank. “I take this appointment and my responsibility to consumers, community banks, and the Bureau very seriously and hope to make a positive impact for all of my constituents during my time on the Council.”

About Austin Capital Bank
Austin Capital Bank is 5-Star rated, independent FDIC-insured community bank located in Austin, Texas. The bank serves as a platform for responsible financial service new product innovation, offers home mortgages across the United States through its HomeVantage Mortgage division, and has a core community bank line of business primarily serving Central-Texas. Austin Capital Bank is consistently ranked as high growth, high performance financial institution. Austin Capital Bank has been ranked for three consecutive years in the Inc. 5000 list of fastest growing privately held companies and has also been ranked in the top 10% of all banks under $1 billion in assets by S&P Global Intelligence.
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