The American Bankers Association announced today that it has hired Consumer Financial Protection Bureau veteran Dan Smith to serve as executive director of its Card Policy Council, the leading voice on legislative, regulatory and communications issues facing credit card issuers and payment card networks. He will officially join ABA on June 10.
Smith is currently the assistant director for the CFPB’s office of financial institutions and business liaison, which he has built and managed since his appointment in 2013 by then-CFPB Director Richard Cordray. In this capacity, he developed and implemented the bureau’s strategy for coordinating and sharing feedback from industry stakeholders on the policy issues affecting the financial services sector within the CFPB’s jurisdiction.
“Dan’s extensive experience in both the public and private sectors, proven track record for building consensus and knack for developing unique policy solutions will be essential as ABA works to ensure card issuers can continue to meet their customers’ evolving needs and preferences,” said ABA EVP Jess Sharp. “His background in financial services as well as consumer protection make him a natural fit for this critically important role.”