STAMFORD, Conn., December 19, 2016 – VantageScore Solutions, LLC, developer of the VantageScore® credit scoring model, announced today that its president & CEO, Barrett Burns, has been named to the Federal Reserve Board’s Community Advisory Council (CAC).
Mr. Burns is among four newly-named council members. The CAC is a diverse group of 15 experts and representatives of consumer, workforce, and community development organizations and interests, from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC members provide information, advice, and recommendations to the Federal Reserve Board on relevant policy matters and emerging issues of interest.
“Credit scores are ubiquitous for consumers in today’s credit-driven economy and VantageScore Solutions has helped make credit scores more consumer friendly and effective for lenders,” said Burns. “I look forward to bringing a similarly fresh perspective to the CAC and helping the Federal Reserve Board to make improvements to our financial system with an eye toward the responsible expansion of credit for those who truly qualify, including the underserved. I also look forward to learning from fellow CAC members, and am gratified that such a diverse and prestigious group can collaborate with a shared goal.”
Mr. Burns will serve a three-year term beginning in 2017.