Arkansas Capital Corporation CEO Sam Walls III has been appointed to the Consumer Advisory Board with the Consumer Financial Protection Bureau (CFPB).
“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.
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.”
The board is also a source of market intelligence and expertise, informs about emerging practices or trends in the consumer finance industry, and shares analysis and recommendations.
Arkansas Capital is a Little Rock-based private, nonprofit lending corporation dedicated to empowering entrepreneurs in Arkansas and in surrounding states. Arkansas Capital has deployed more than $2.34 billion in capital financing since its formation in 1957.