CFPB names Laura Castro de Cortes to advisory board

The Consumer Financial Protection Bureau has named Laura Castro de Cortes, the vice president of alternative financial services for the Nebraska-based Centris Federal Credit Union, to its Consumer Advisory Board.

“Many families struggle with the cost, availability and access to basic financial services,” Castro de Cortes said, Credit Union Times reports. “Some of these basic services are not offered at traditional financial services companies such as banks, thrifts and even credit unions. It’s an honor to be selected to the Consumer Advisory Board of the CFPB, and I look forward to bringing to the board all of the expertise and dedication that we bring to serving our members every day.”

Castro de Cortes joins Bill Bynum, the CEO of the Mississippi-based Hope Federal Credit Union and the vice chairman of the board, as the only two credit union representatives on the board.

The board, which is composed of 25 consumer financial experts, advises the CFPB on various industry issues and represents depository institutions from largely underserved communities and communities that have been hit especially hard by the housing crisis.

“All of us at Centris are honored by Laura’s appointment to the CFPB Consumer Advisory Board,” Kevin Parks, the president and CEO at Centris, said, according to Credit Union Times. “Laura has been a dedicated advocate for underserved communities throughout her distinguished career in our industry…Laura has brought innovat[ive] new products and strategies to better serve the many unbanked and under-banked consumers in our community.”

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