Truliant CEO to advise CFPB

The CEO of Winston-Salem's Truliant Federal Credit Union has been named to the Consumer Financial Protection Bureau's credit union advisory council.

Marcus Schaefer joins 14 other credit union executives on the panel. They're expected to weigh in on the new federal regulator's proposed rules.

Schaefer was a strong advocate for the creation of the CFPB. He testified to the Senate Banking Committee last summer that the regulator was necessary, according to the Credit Union Times.