Bynum joins consumer bureau advisory panel

JACKSON, Miss. (AP) -- Hope Enterprise Corp. CEO Bill Bynum of Jackson has been named vice chairman of an advisory board of a new federal agency charged with enforcing consumer finance laws.

Hope Enterprise Corp. works on development in low-income areas in Arkansas, Louisiana, Mississippi and Tennessee. The corporation also manages the Mississippi Economic Policy Center.

The advisory board will assist the Consumer Financial Protection Bureau in its work. The consumer bureau was created by the 2010 financial overhaul law known as the Dodd-Frank Act.

The CFPB announced Bynum's appointment Thursday.

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