New American Funding
has announced that its Co-Founder and President Patty Arvielo
has been named to the Consumer Advisory Board of the Consumer Financial Protection Bureau (CFPB). Arvielo was appointed to a three-year term as one of its new board members. The CFPB’s Consumer Advisory Board is comprised of consumer experts outside of the federal government.
“I consider it a tremendous honor to serve as a representative on the Consumer Advisory Board. I look forward to providing my industry insight and expertise to the CFPB,” said Arvielo. “I’m passionate about working together to develop solutions that impact our industry and keep our consumers safeguarded.”
As a Board Member, Arvielo will advise CFPB’s leadership on a broad range of consumer financial issues and emerging market trends. Arvielo brings 35 years of mortgage experience to the board, which includes managing operations and sales for New American Funding’s headquarters, 130-plus branches, and 2,300-plus employees.
Arvielo has developed various consumer-based initiatives, including a Latino Focus Committee and New American Dream, programs designed to address the housing challenges facing Latino and African-American communities. She also serves as a national housing advocate through committees for the Mortgage Bankers Association (MBA) and the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals (NAHREP).
In 2016, Ernst & Young named Arvielo EY Entrepreneur of the Year
for Orange County and inducted her into the EY Hall of Fame. She also won the 2017 gold Stevie for Woman of the Year and the LA Times Latinos de Hoy Business Award.