For Immediate Release March 7, 2007

 

Former House Financial Services Committee Staffer McEleney to Head Consumer Credit Research Foundation

 

Washington, DCConsumer Credit Research Foundation announced today that Michael D. McEleney has joined the organization as its new executive director.

McEleney formerly directed the Oversight and Investigations Subcommittee of the House Financial Services Committee, where he drafted and supervised key legislation on financial services policy, domestic monetary issues and terrorist finance.

McEleney will lead the Foundation’s efforts to build a reliable set of research and data on the availability of consumer credit, the industry that provides short-term credit services and the consumers who use them.

"The Foundation offers an exciting opportunity to combine my experience on the Hill with research on important public policy that affects working Americans. The consumer credit industry is the fastest growing, yet least understood, area of the financial services marketplace. Understanding the behavior of consumers in that marketplace is the first step towards meeting their needs,” said McEleney.

As executive director, McEleney will help ensure sufficient research on short-term credit is readily available to decision-makers when they need it. According to McEleney, "Too much debate on Capitol Hill takes place without adequate research, and too little good research is available when it’s needed. I hope the Foundation can bridge that research gap on consumer financial services issues."

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About Consumer CREDIT Research Foundation
As a non-profit organization, exempt under Section 501(c) (3) of the Internal Revenue Code, Consumer Credit Research is dedicated to growing and building a reliable set of research and data on the availability of consumer credit, the industry that provides credit services and the consumers who use them. We believe that many of the issues around the availability of consumer credit are in need of better public discourse about the products and services lenders provide and how those consumers go about making informed, rational choices as they secure and use credit.

 

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