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Michael S. Barr took office as a member of the Board of Governors of the Federal Reserve System on July 19, 2022, for an unexpired term ending January 31, 2032. Mr. Barr served as the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System from July 19, 2022, to February 28, 2025.

Prior to his appointment to the Board, Mr. Barr was the Joan and Sanford Weill Dean of the Gerald R. Ford School of Public Policy, the Frank Murphy Collegiate Professor of Public Policy, the Roy F. and Jean Humphrey Proffitt Professor of Law at the University of Michigan Law School, and the founder and faculty director of the University of Michigan’s Center on Finance, Law & Policy. At the University of Michigan Law School, Mr. Barr taught financial regulation and international finance and co-founded the International Transactions Clinic and the Detroit Neighborhood Entrepreneurs Project.

Mr. Barr served as the U.S. Department of the Treasury’s assistant secretary for financial institutions, 2009-2010. Under President William J. Clinton, he served as the Treasury Secretary’s special assistant, as deputy assistant secretary of the Treasury, as special adviser to the President, and as a special adviser and counselor on the policy planning staff at the U.S. Department of State.

Additionally, Mr. Barr served as a law clerk to U.S. Supreme Court Justice David H. Souter during October Term 1993, and previously to the Honorable Pierre N. Leval, then of the Southern District of New York.

Mr. Barr received a BA in history from Yale University, an MPhil in international relations from Oxford University, and a JD from Yale Law School.

Sharda Caro Del Castillo is Chief Legal & Business Officer at Catena Labs and a fintech and policy leader who has shaped the regulatory and operational foundations of some of the world’s most influential technology and financial platforms. She has led legal, compliance, and business operations at Affirm, Airbnb, Square, and PayPal—developing frameworks for breakthrough products like Affirm’s Pay in Four and guiding initiatives such as Airbnb’s expansion into Cuba. At Catena Labs, Caro Del Castillo is designing the legal, compliance, and business architecture for a regulated financial institution built for stablecoins and agentic commerce.

At Capital One, Shena provides executive leadership across a broad group of capabilities and functions that help enterprise and external stakeholders advance products, policies, and programs that lead to better outcomes for consumers and communities. She oversees teams that span data analytics, survey research, and big data modeling to develop insights that are either applied and delivered through community programs, used by enterprise teams to inform their strategies and mission-focused activities, or through broadly published research findings to external audiences through the Capital One Insights Center. She also provides vision, energy, and leadership for the philanthropic programs that Capital One advances through strategic community investments.

An accomplished leader, educator, consultant, and researcher, Dr. Ashley has been quoted as an expert thought leader on issues related to economic prosperity, consumer financial wellbeing, philanthropy, and charitable giving in several national media outlets and has informed a range of national policy areas with data and insights.

Richard K. Bynum is chief corporate responsibility officer for The PNC Financial Services Group, Inc., and a member of its Executive Committee. In this role, he leads the PNC Foundation; Community Affairs; Responsible Business Strategies; and Community Development Banking. In addition, Bynum is leading the implementation of PNC’s Community Benefits Plan through which the company will provide at least $88 billion in loans, investments, and other financial support to benefit communities of color and low- and moderate-income individuals and communities, people as well as other underserved individuals and communities over the Plan Period, a 4-year period from Jan. 1, 2022, through Dec. 31, 2025.

Bynum is an accomplished executive with nearly 20 years of executive leadership experience. Prior to being named to his new role in July 2020, Bynum served as regional president for PNC’s Greater Washington market from 2017-2020. He previously served as a member of PNC’s retail executive leadership team, where he led the Business Banking division. Prior to that, he served as the Greater Washington retail market executive from 2010-2014, where he led consumer and small business sales. In addition, he served as chief operating officer for Business Banking, where he led the sales force operating platform for hundreds of small business bankers across PNC’s footprint.

Bynum began his career with PNC in 2005 in its Executive Leadership Program, holding key roles in the development and execution of revenue-driving businesses and initiatives; strengthening the brand; and enhancing engagement of employees while fostering innovation throughout PNC.

Prior to joining PNC, Bynum had a 12-year career as a senior manager for the American Red Cross. His last role with the organization was as the managing director for disaster response & emergency communications at the Chicago chapter. During his career, he was an operations director for the Kosovo Refugee Operation as well as the September 11th effort in New York.

Bynum, recognized as one of Washington, D.C.’s, most influential business leaders by the Washington Business Journal, serves on the boards of numerous non-profit and civic organizations, including the corporate council for the Smithsonian National Museum of African American History & Culture; the Economic Club of Washington, D.C.; the Wolf Trap National Park for the Performing Arts; the Federal City Council; the United Way of the National Capital Area; the Greater Washington Community Foundation, and the Virginia Early Childhood Foundation.

Bynum holds an MBA from the Kellogg School of Management at the Northwestern University and an undergraduate degree in Political Science from Florida State University. He also is a graduate of the Consumers Bankers Association Graduate School of Retail Bank Management.