On Sept. 12, 2012, the Consumer Financial Protection Bureau (CFPB) revealed its 25 member Consumer Advisory Board, which will provide advice to CFPB leadership on a broad range of consumer financial issues and emerging market trends. Among its diverse members is Gary Acosta, the co-founder of the National Association of Hispanic Real Estate Professionals (NAHREP).
NAR is pleased the CFPB chose a real estate professional as a member of the board. Real estate professionals are perfectly positioned to provide meaningful advice to the CPFB on the effects of its policies on consumers. Real Estate professionals are often the party with the most direct contact with consumers in real estate and mortgage transactions and have a true "on the ground" understanding of the challenges consumers and other industry professionals face in securing financing and completing real estate and mortgage transactions.