Acorns Named as a Part of the Advisory Committee for The Bureau of Consumer Financial Protection

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Sep 11, 2018, 13:41 ET

IRVINE, Calif., Sept. 11, 2018 /PRNewswire/ -- The Bureau of Consumer Financial Protection (Bureau) announced new appointments to the Consumer Advisory Board (CAB), which include Manning Field, Chief Operations Officer of Acorns, the country's fastest growing financial wellness system for the people.

"At Acorns, we serve the 182M Americans who make less than $100k/year -- we call them the up-and-coming -- to empower them with financial confidence," said Manning Field. "I am proud to represent Acorns on the Consumer Advisory Board and advocate on behalf of those financially underserved."

Acorns logo. (PRNewsFoto/Acorns Grow Inc.)

The Bureau's Acting Director Mick Mulvaney said, "These experts are highly talented individuals in consumer finance markets, and we look forward to working closely with them throughout their service."

The Consumer Advisory Board was established as a result of the Dodd-Frank Wall Street Reform mandate for the Bureau to have advisors who can speak to a variety of consumer financial issues. The Board helps strengthen the Bureau's charge to serve and protect consumers by ensuring that the Bureau receives a wide range of insight, expertise, analysis, and information about the financial consumer finance market trends and practices.

The newly appointed members include consumer protection, financial services, FinTech, community development, fair lending, civil rights and consumer financial product and service experts. New members of the Consumer Advisory Board will serve a one-year term.

About Acorns
Acorns is the fastest growing financial wellness system in the U.S. Its easy-to-use, mobile-first technology makes it simple for anyone to set aside and invest life's spare money. Acorns allows customers to automatically invest in a low-cost, diversified portfolio of exchange-traded funds offered by some of the world's top asset managers (including Vanguard and BlackRock). Customers grow their wealth in one of five portfolios constructed with help from world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time. From Acorns mighty oaks do grow. You can access Acorns simply and easily via the app for iPhone, Android or desktop. Visit Acorns.com for more.

About Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations; by making rules more effective; by consistently enforcing federal consumer financial law; and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.

SOURCE Acorns