The Electronic Financial Services Council announced that Eric Vaughn has been appointed as the organization’s executive director. The EFSC is a national trade association representing many of the country’s leading financial services and technology companies.
“We are extremely fortunate to have Eric Vaughn join the EFSC as our executive director,” said Steve Morrison, chairman of the EFSC and senior vice president of government and industry relations at Wells Fargo Home Mortgage.
“Eric brings a wealth of lobbying expertise at the national level as well as trade association management and leadership ability to the EFSC at this important time,” said Morrison. “With Eric on board, we will enhance the EFSC’s focus on modernizing federal laws and regulations affecting the delivery of financial services to consumers. These laws are critical regarding the use of the Internet as a distribution channel for financial services.”
Over the past 18 years, Vaughn has served as an analyst in the Federal Office of Management and Budget, domestic policy advisor in the White House, legislative assistant in the U.S. Senate and as the president of a national alternative energy trade association.
“The EFSC is proud to welcome Eric to the organization,” said Jeremiah S. Buckley, general counsel of the EFSC and partner at Goodwin Procter LLP. “Eric’s tremendous experience and enthusiasm will enable the EFSC to further influence important legislation that positively impacts the electronic delivery of financial services.”
The Electronic Financial Services Council was established in 1999 to promote legislation and regulation designed to enhance the availability and delivery of financial services such as mortgage loans, insurance products, investment products, consumer loans and on-line banking. The EFSC played a leading role in securing passage of last year’s Electronic Signatures in Global and National Commerce Act by the U.S. Congress.
EFSC represents the following financial services and technology organizations: Intuit Inc., Wells Fargo, Countrywide Home Loans, GE Capital Mortgage, Microsoft Corporation, Cendant Mortgage, Chase Manhattan Mortgage, Citigroup Mortgage Inc., Fannie Mae, Freddie Mac, GMAC Mortgage Corporation, Lender Services, Inc., Lending Tree, The Principal Financial Group, United Guaranty Insurance, and Esurance, among others.