Mary Tingerthal, president of Capital Markets Companies for the Housing Partnership Network (HPN), was recently named one of ten new members of the Federal Reserve's Consumer Advisory Council (CAC). The CAC, which was established in 1976, meets three times a year to advise the Board of Governors of the Federal Reserve System (Board) on matters related to consumers, communities, and the financial services industry. Members are appointed by the Board and serve staggered, three-year terms.
Tingerthal oversees several HPN-operated entities, including a community development financial institution, a financing partnership for charter schools, and a venture capital company. In addition, she has had lead responsibility for the National Community Stabilization Trust, an entity that HPN, Enterprise Community Partners, Local Initiatives Support Corporation, and NeighborWorks® America created to facilitate the purchase and reuse of foreclosed, bank-owned properties. Prior to joining HPN, Tingerthal served as senior vice president of capital markets for the Community Reinvestment Fund. Her other past positions include managing director of home equity products for GMAC Residential Funding Corporation; president and chief executive officer of the National Equity Fund, Inc.; and deputy director of housing for the City of St. Paul.
Tingerthal joins Kevin Rhein as one of two CAC members from the Ninth Federal Reserve District. Rhein, who was appointed to the council in 2008, is the division president of Wells Fargo Card Services in Minneapolis.
