Consumer Advisory Council (CAC)
A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.
Nearby TermsConstructive receipt Consular Invoice Consumer Advisory Council (CAC) Consumer credit Consumer Credit Protection Act of 1968
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University