NCRC taking leadership in emerging financial services
National Community Reinvestment Coalition (NCRC) Senior Policy Advisor Adam Rust has been elected to serve on the US Faster Payments Council’s Board of Directors. Rust will serve a term through 2022.
The US Faster Payments Council is an industry-led membership organization made up of member organizations from across the payments ecosystem. In addition to consumer organizations, its membership includes banks, credit unions, business end-users, payments processors, trade organizations, and payments networks.
“We are thrilled to have Adam bring NCRC’s valuable perspective to the U.S. Faster Payments Council Board of Directors,” said Reed Luhtanen, Executive Director of the U.S. Faster Payments Council. “It is vitally important for the industry to understand the needs of consumers of payments services, and Adam is a tremendous advocate on behalf of these critical stakeholders.”
Rust was one of two consumer representatives to the Governance Framework Formation Team, a working body convened by the Federal Reserve, that established the structure of the FPC. Additionally, he participated in the Faster Payments Task Force, a multi-year process that wrote a set of principles to guide the evolution of faster payments in the United States.
