THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES HOUGHTON TO CREDIT STANDARDS ADVISORY COMMITTEE
President Clinton today announced his intention to appoint Mary Houghton of Illinois to be a member of the Board of Directors of the Credit Standards Advisory Committee.
Ms. Houghton is President and Director of the Shorebank Corporation as well as Director of the subsidiary bank in Chicago. She is the Founding Director of the Women's Self Employment Project, a non-profit organization delivering credit and support to low income women in Chicago and serves as a Director of the National Consumer Cooperative Bank Development Corporation.
After receiving her Bachelor of Arts degree, cum laude, from Marquette University in Milwaukee Ms. Houghton earned a Master of Science degree from the School of Advanced International Studies at Johns Hopkins University.
The Credit Standards Advisory Committee is responsible for review of the credit standards and lending practices of insured depository institutions and supervision of such standards and practices by federal financial regulators.