Josh Fuhrman, senior vice president of programs and policy for the Homeownership Preservation Foundation (HPF) in Minneapolis, 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.
In his role at the HPF, Fuhrman oversees the day-to-day operations of the Homeowner's HOPE Hotline, a free, national, 24-hour foreclosure counseling service that handles more than 5,000 phone calls a day. He also directs a national program to assist homeowners who are affected by foreclosure rescue scams. Prior to joining the HPF, Fuhrman served as the director of counseling for Auriton Solutions, a national nonprofit crisis-counseling agency.
Fuhrman joins Mary Tingerthal as one of two CAC members from the Ninth Federal Reserve District. Tingerthal, who was appointed to the council in 2009, is commissioner of Minnesota Housing, the State of Minnesota's housing finance agency. She was recently designated Vice Chair of the CAC.
Note: In accordance with provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CAC will continue to operate until July 21, 2011. On that date, the council will be dissolved and its responsibilities will be transferred to the newly founded Consumer Financial Protection Bureau.