Meet our Board of Directors
CBA was created by a coalition of non-profit organizations. Board Membership requires at least fifty percent (50%) practitioner representation. Practitioners are individuals working for small lending and/or asset-building organizations with missions that are aligned with CBA. All Directors are professionals with interest and expertise in the activities of CBA.
Jeanne M. Hogarth, Board Chair
Founder and CEO, William L Reed & Associates, Washington, DC
Jeanne Hogarth is the founder of William L Reed & Associates, a consulting firm dedicated to improving consumer financial well-being. Formerly she was a Vice President at the Center for Financial Services Innovation (CFSI), working to strengthen CFSI’s research and engagement with policy makers, NGOs, non-profits, consumer advocacy organizations, and other stakeholders. Also, she worked in Consumer and Community Affairs at the Federal Reserve Board, was on faculty at Cornell University, and taught high school in Ohio. She has authored research articles as well as consumer financial education resources. She received a B.S. in Education from Bowling Green State University and an M.S. and Ph.D. in Family and Consumer Economics from The Ohio State University.
Jeanne received a BS in education from Bowling Green State University and an MS and PhD in family and consumer economics from The Ohio State University.
Jack Brummel, Board Vice Chair
Executive Director, Washington Access Fund, Seattle, WA
Jack Brummel is the Executive Director of the Northwest Access Fund, which provides low-cost financing, via loans and IDAs, for people with disabilities needing assistive technology or business equipment. Jack spent 26 years with the Washington State Senate, primarily as lead staff for committees addressing economic development, financial institutions, commerce, labor, and workforce development issues. While with the Senate Jack developed legislation relating to employment of people with disabilities, creating individual development accounts, and supporting micro-enterprise development. Prior to work with the Senate, Jack was the Administrator for the Northwest Intertribal Court System and the National Director of the Law Students Civil Rights Research Council. Jack serves as the Chair of the Board for Evergreen Business Capital, a non-profit development company. Jack’s education includes a BA in Political Science from Washington State University, a JD from the University of Washington, and a Master’s in Public Policy from the University of California, Berkeley.
Andrew Posner, Board Treasurer
Founder & CEO, The Capital Good Fund, Providence, RI
Andy Posner founded Capital Good Fund while getting his Master of Arts in Environmental Studies at Brown University, where he was studying financing mechanisms for clean energy. After reading Banker to the Poor by Dr. Muhammad Yunus, the ‘Father of Microfinance’ and Founder of Grameen Bank, he quickly realized that equitable financial services could unlock the potential of the poor just as they could do the same for clean energy technologies. At the same time, as the financial crisis of 2008 began to unravel the economy and devastate low-income communities, Andy decided to take action. He created Capital Good Fund with an eye toward using financial services to tackle endemic poverty, first in Rhode Island, and then nationwide.
Andy is a firm adherent of Dr Yunus’ dream to put poverty into museums; or, as Andy likes to put it, to put poverty out of business. Andy’s work has been featured in Providence Business News, the Providence Journal, the Providence Phoenix, the Federal Reserve Bank of Boston’s quarterly publication, the Rhode Island Small Business Journal, CNN and other print, radio and television media. He is also proud to be a member of the national Board of Directors of the Credit Builders Alliance.
Andy has published his ideas in the Huffington Post, Treehugger.com and the Stanford Social Innovation Review, to name a few examples. He was also selected as a 2011 Hitachi Yoshiyama Young Entrepreneur and a 2013 American Express Emerging Innovator (one of 45 globally). When pressed to describe himself, he’ll say that he is a pragmatic idealist
Margaret Libby, Board Secretary
Executive Director, MyPath, San Francisco, CA
Margaret Libby joined MyPath (formerly Mission SF Community Financial Center) as its founding Executive Director in 2007, transforming it into a vibrant nationally-recognized organization that creates, tests and scales models designed to promote economic mobility among low-income youth and young adults. Under her leadership, MyPath has launched innovative initiatives including MyPath Savings™ (a peer-based youth financial capability initiative delivered through youth workforce program partnerships), MyPath Credit (a financial coaching program that combines financial guidance with financial products to (re)build credit, manage debt and build savings), and MyPath Advocates, a model that supports low-income youth to advocate for improved access to quality financial products and services. MyPath’s program models have delivered significant outcomes for participants, and have attracted local, state and national recognition, including numerous national and local awards for their impact and innovation.
Prior to MyPath, Margaret led a statewide youth-led research and evaluation project while at Youth Leadership Institute and engaged in advocacy related to inequities in the subprime mortgage market while at California Reinvestment Coalition. She has co-written numerous publications around youth financial capability, youth leadership development and evaluation, and predatory lending. Margaret currently serves on the Financial Education Network of San Francisco and the Federation’s Youth Task Force. She holds a BA from Brown University and a MSW from U.C. Berkeley.
Director of Small Business Services, Latino Economic Development Center, Washington, DC
As an entrepreneur, Oswaldo understands the value of having access to financial services first hand and is aware of the important role that the Latino Economic Development Center plays in the success of the region’s small business owners. In his own entrepreneurial ventures, he launched and expanded a food manufacturing company with market reach in Virginia, Maryland, DC, Pennsylvania and New York City. After his company’s acquisition, Oswaldo joined Self-Help Ventures Fund’s team, a non-profit Community Development Financial Institution (CDFI) where he was part of a commercial lending group prior to joining LEDC as director of Small Business Services. Oswaldo’s academic training as an economist, his experience as a consultant for The World Bank and certainly his experience as an entrepreneur suits him with a broad and technical understanding of the challenges facing LEDC clients. He holds a bachelor degree in economics from Monterrey Tec, an MA in Political Economy and an MSc in Economic Regulation from Essex University and the London School of Economics and Political Science, respectively.
Eric J. Ellman
Senior Vice President, Public Policy and Legal Affairs, Consumer Data Industry Association, Washington, D.C.
Eric J. Ellman is the Interim President and CEO of the Consumer Data Industry Association (CDIA) in Washington, DC. Before and during his interim appointment he was and is the Senior Vice President of Public Policy and Legal Affairs. At CDIA, Eric leads the state government affairs program, runs the legal department, and serves as the liaison between the association and credit reporting data reporting format teams. Eric is also a leading member of the federal government relations team, and participates in the management of the association.
Founded in 1906, CDIA is the international trade association that represents nearly 150 consumer data companies — the nation’s leading institutions in credit reporting, mortgage reporting, check verification, fraud prevention, risk management, employment screening, tenant screening and collection services.
Eric has a B.S. from American University in Washington, DC and a law degree from the University of Baltimore. Eric is a member of the bar in Maryland and Pennsylvania and he CIPP/US certified by the International Association of Privacy Professionals (IAPP).
Senior Vice President, VOX Global, Washington DC
Laura has 16 years of strategic and tactical communications experience, with specific expertise in financial services, media relations and issue advocacy. She has led media campaigns to help influence legislative and regulatory issues, served as executive director of a financial services nonprofit and directed national financial education campaigns.
As a senior member of the financial services team at VOX, Laura advises government, nonprofit and Fortune 500 clients in working with the media, engaging key influencers and managing regulatory risk. She has a keen sense of the banking and financial services competitive landscape and well developed relationships with the media and influencers who cover the industry.
Prior to joining VOX, Laura ran an independent communications consultancy, providing communications counsel to financial services organizations focused on financial planning, financial education, and corporate and small business lending. Before that she was a senior vice president at the American Bankers Association (ABA) where she spent almost a decade as a spokesperson and media strategist for high-profile government relations issues.
Vice President, USIS Programs & Exchanges, Equifax, Atlanta, GA
Chris Hobday is Vice President, USIS Programs & Exchanges at Equifax, a global insights company powering the financial future of individuals and organizations around the world. He is responsible for building and protecting data assets, managing teams that drive strategy and execution across each data asset lifecycle, and maintaining relationships with key data furnisher communities. Chris has been with Equifax nearly ten years, before which he worked with emerging technology companies at PricewaterhouseCoopers. Chris also serves on the Board of Lwala Community Alliance, a nonprofit development organization dedicated to building the capacity of communities in Western Kenya to advance their own comprehensive well-being.
Director, FIELD, Economic Opportunities Program, Aspen Institute, Washington, DC
Joyce Klein is Director of FIELD, the Aspen Institute microenterprise Fund for Innovation, Effectiveness, Learning and Dissemination. Ms. Klein assumed the leadership of FIELD in 2012, after working as a senior consultant since the program’s inception in 1998. She is recognized as a leading expert on the FIELD, speaking at national and regional industry conferences and being quoted in a variety of news media including the New York Times and National Public Radio’s Marketplace. Joyce has more than 20 years of experience studying and supporting microenterprise and entrepreneurial development programs in the United States, and has authored or co-authored numerous publications, including funder brief and strategy guides, evaluation and research reports, case studies and policy briefs. She has also designed and managed grant programs aimed at supporting innovation in the practice of microenterprise development in the United States.
Under Ms. Klein’s leadership FIELD has launched the Microfinance Impact Collaborative, helped to create the Small Business Borrowers’ Bill of Rights and the Responsible Business Lending Coalition, and launched new research into the role of platforms and networks in expanding the scale and impact of the US microenterprise field. FIELD has also expanded its work in examining the potential role of business ownership and the microenterprise field in addressing the challenges of financial inclusion, the racial wealth gap, and career development for youth.
Ms. Klein also has worked as a consultant in the microenterprise field, providing assistance to clients including the Community Development Financial Institutions Fund of the US Department of the Treasury, and CFED (formerly the Corporation for Enterprise Development). Prior to her work with FIELD, Ms. Klein led CFED’s work in microenterprise development. She holds a Master’s Degree in Public Policy from the University of California at Berkeley and a B.A. in Economics from Boston College.
Interim Chief Financial Officer, Strategic Initiatives, Opportunity Finance Network, Philadelphia, PA
Beth joined Opportunity Finance Network in 1997. She worked on the Financial Services team for nine years, took on the role of CFO in 2006, and moved into a newly-created position of EVP, Strategic Initiatives in 2012. In her current role, she manages OFN’s significant cross-functional initiatives, including the NEXT Awards and Create Jobs for USA. In her history with OFN, Beth has touched many of the organization’s financial programs and initiatives – managing OFN’s data collection and publications, OFN’s managed-assets services relationships with CDFI investors, and OFN’s Financing Fund, including underwriting and monitoring loans and investments in CDFIs. Beth has a MBA from the Wharton School, and her previous experiences include valuing businesses at Coopers and Lybrand and researching trends in savings and loans at the Federal Reserve Board.
Assistant Director/Chief Compliance and Finance Officer, Citizen Potawatomi Community Development Coporation, Shawnee, OK
Cindy Logsdon is the Assistant Director/Chief Compliance and Finance Officer of the Citizen Potawatomi Community Development Corporation. In this role, she oversees the loan servicing, internal systems management, administers the reporting and relationships with funding entities, as well as oversees the financial reporting for the organization. Ms. Logsdon came to the Citizen Potawatomi Nation in 2004 after a 15 year career in banking. She has assisted in making over $71 million in loans to Native American entrepreneurs and has assisted in raising over $60 million in capital for the organization. She has laid the groundwork for introducing multiple products to her tribal community, such as; an Employee Loan program, Financial Education Initiatives, Credit Builder Loan, Jumpstart Auto Loan, Potawatomi Business Network, Micro Business loan and IDA programs. She currently serves as secretary on the local Tecumseh FFA Booster Club, is on the board of Oklahoma Native Asset Coalition, is an advisory board member of Midwest Renewable Capital and is the Board Treasurer of the Native CDFI Network. She holds a Bachelor’s degree from the University of Central Oklahoma.
Chief Program Officer, LiftFund, San Antonio, TX
Celina Peña is chief program officer for LiftFund, a nationally recognized non-profit business lender in the US that provides business loans and support in thirteen U.S. states in the Southwest to underbanked small business owners. Peña’s experience includes lending, policy making, strategic planning, project management, fundraising, program development, relationship management, and communication designer. She is a former U.S. Small Business Administration women business center director, Vice President of Business Support, and Vice President of Lending. Previously she was part of the small business team at the City of San Antonio and also a policy analyst with Methodist Healthcare Ministries, a non-profit in San Antonio. Today Celina’s responsibilities include design and implementation of business education, designing and supporting lending and learning programs, implementing and overseeing employee training, managing and supporting MMS™, a division of LiftFund, which serves 19 CDFI partners as their loan origination and risk management system. She also contributes to program development, R&D, data quality and planning, staff engagement and training, and fundraising and communications efforts for LiftFund.
Luis Peralta is the Chief Administrative Officer of Kinecta FCU and President of Nix Neighborhood Lending. Kinecta is one of the nation’s largest credit unions, with approximately $4 billion in assets; 22 branches; three retail mortgage centers; 30 Nix customer service centers and 10 Kinecta branches at Nix locations; and more than 300,000 members nationwide. Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services and Nix Neighborhood Lending. Luis has more than 20 years of financial services expertise with the underbanked and underserved communities, consumer lending and product innovation. Prior to joinning NIX, Luis was Head of Retail Banking for Doral Bank in Puerto Rico. He also worked for La Curacao and HSBC both in Latin America and the US. Luis received his B.S. in Industrial Engineering from CETYS and his MBA from IPADE both in Mexico; and executive education certificates from Harvard Business School and Stanford Graduate School of Business. Luis is currently a board member at FISCA, CURevest, The Children’s Dental Center and the Nix foundation.
Director of Programs, Working Credit NFP, Saint Louis, MO
Kristin joined WCNFP in September 2015, bringing over 8 years of experience in assisting individuals, families, and organizations to understand credit building as asset building. She was formerly at Justine PETERSEN, a CDFI and micro lender in St Louis, MO, where she ran a national secured credit card and small dollar loan program. She was the lead credit building trainer for the “Asset Building through Credit” Pilot Program (ABC Program) – a FIELD project through the Aspen Institute, the Chicago Credit Builder Coalition (CCBC) and Local Initiatives Support Corporation (LISC) Financial Opportunity Centers – during which she trained over 100 non-profit organizations. Kristin also conducts trainings for Credit Builders Alliance. In 2013 Kristin was part of the inaugural class of Emerging Leaders in Microenterprise (ELM2), an Aspen Institute FIELD program. She has previous work experience with Gateway EITC Community Coalition where she coordinated a VITA Tax Site. Kristin has her Master of Social Work from Saint Louis University and an undergraduate degree from the University of Kansas.
Vice President, Data Acquisition Services, TransUnion, Chicago, IL
Michelle Simms is the Vice President of Data Acquisition Services within the Innovative Solutions Group at TransUnion. Michelle is responsible for overseeing data furnisher contributions to the core and ancillary TransUnion systems in addition to managing TransUnion’s Data Governance organization. With a focus on supporting the core credit data intake processes and delivering high value customer service, she is also strategically aligned around making a broader impact through reporting expansion and growth of TransUnion’s alternative data assets.
Michelle joined TransUnion in 2000 as a data analyst and has since held roles in TransUnion’s batch and online operations as well as model development groups. Michelle has driven internal operations process best practices internationally and has supported the company’s alternative data initiatives as TransUnion looks to grow as a data services organization. Michelle was a member of a task force within the Consumer Data Industry Association (CDIA), spoken at national lending conferences about the positive impacts of data reporting, traveled to Washington to educate on credit reporting best practices, held membership on the NCAP data working group, and is actively involved in supporting TransUnion’s regulatory exams.
Michelle earned a BS from the University of Illinois Chicago and resides in Chicago, Illinois, where TransUnion’s corporate headquarters is located, with her husband and four children
Associate Director, Solita’s House, Tampa, FL
Anthony Thomas serves as the Associate Director of Solita’s House, Inc. Mr. Thomas is responsible for identifying partners and blended community resources to build the organizational capacity of Solita’s House programs. Mr. Thomas has over 15 years of experience in community development lending to low- and moderate-income and minority buyers and was recruited by Wells Fargo Florida to establish and operate first-time homebuyer and emerging market programs. He was promoted to Regional Renovation Manager where he was responsible for increasing the volume of FHA 203K loan business throughout the region. In 2005, Anthony separated from Wells Fargo to pursue opportunities that led to the
founding of Solita’s House.
Director of Research, Political and Economic Research Council, Raleigh, NC
Patrick Walker is Director of Research at PERC, a nonprofit, nonpartisan think-tank based in Durham, North Carolina. PERC conducts original research and analysis in a variety of areas related to information policy and information economics. In the US, PERC has examined the FCRA, the value of alternative credit information (such as utility payment data) to both consumers and small businesses, and the potential uses of financial and other information in disaster recovery. PERC’s aim is to increase credit inclusion and access to affordable mainstream credit via information solutions. International work includes examination of information sharing structures and the impacts of credit reporting regimes generally. While at PERC, Walker has helped spearhead much of its analysis and has carried out credit access research in the US and internationally, including the development of credit scoring models. Walker has co-authored numerous reports on credit access while at PERC and presented findings both overseas and in the US, including presentations for the Federal Reserve Board, the OCC, and the World Bank. Walker’s concentration is econometrics, statistical methods, and microeconomics.
He received his M.A. in economics from Duke University and has taught both undergraduate microeconomics and econometrics at Duke University.
Senior Vice President and General Manager, Fidelity National Information Systems, Jacksonville, FL
Ron Whyte is Senior Vice President and General Manager at Fidelity National Information Services (FIS) responsible for the FIS Decision solutions (Chex Systems, Inc.) and FIS Payment Guarantee (Certegy Check Services, Inc.) organizations. Ron oversees all day-to-day operations of both businesses including product development and delivery, analytics, client and consumer relations and sales.
Prior to FIS, Ron has 10+ years of experience as a Chief Information Officer in various industries which include consumer goods, industrial chemical and computer leasing. Ron holds a B.S. degree in Computer Information Sciences from Niagara University. He spends his personal time coaching young adults and children with autism. He enjoys fishing, golfing and just sitting in the sun on the beach.