CFPB, Federal Agencies, State Agencies, and Attorneys General
On October 5, the CFPB published the list of new members appointed to serve on the Consumer Advisory Board and each Council group.
As background, Dodd-Frank requires the CFPB to maintain and work with a Consumer Advisory Board, comprised of industry leaders who are recommended by the presidents of each Federal Reserve Bank across the country.… Continue Reading
Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC).
In 2019, Director Kraninger announced a series of enhancements to the Bureau’s advisory committee charters, including: expanding the focus of the meetings to cover broad policy matters; increasing the frequency of in-person meetings from two times a year to three times a year for the CAB, CBAC, and CUAC; elevating the ARC to a Director-level advisory committee and increasing its meeting frequency; and increasing term lengths from one year to two years. … Continue Reading
The CFPB has announced a number of changes to its advisory committee charters, publishing notices in the Federal Register on March 22 pertaining to each advisory committee: the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC).
The Bureau describes these changes as “enhancements” resulting from Director Kraninger’s “engagement with current and former advisory committee members during her three-month listening tour.”… Continue Reading
On April 25 2017, the CFPB will hold a meeting of its Community Bank Advisory Council in Washington, D.C. at which Acting Deputy Director David Silberman will give remarks.
The meeting topics are the CFPB’s requests for information on the use of alternative data in the credit process and consumer access to financial information issued in, respectively, February 2017 and November 2016.… Continue Reading
The CFPB has published a notice in the Federal Register announcing that it is seeking applications from persons interested in becoming members of its Consumer Advisory Board (Board), Community Bank Advisory Council (CBAC), or Credit Union Advisory Council (CUAC). Appointments to the Board are typically for three years and appointments to the CBAC and CUAC are typically for two years.… Continue Reading
The CFPB has published a notice in the Federal Register announcing that a meeting of its Community Bank Advisory Council (CBAC) will be held on September 29, 2016.
The notice indicates that the CBAC will discuss youth financial capability and debt collection. Presumably, the CFPB will discuss the report it issued last week on achieving youth financial capability and seek input from CBAC members on the debt collection proposals it is considering, which it outlined in July 2016 in anticipation of convening a SBREFA panel.… Continue Reading
The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. In January 2016, the CFPB published a notice in the Federal Register soliciting applications from individuals interested in becoming members.
According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.” … Continue Reading
The CFPB has published a notice in the Federal Register announcing that it is seeking applications from persons interested in becoming members of its Consumer Advisory Board, Community Bank Advisory Council, or Credit Union Advisory Council. Appointments to the Board are typically for three years and appointments to the Councils are typically for two years.… Continue Reading
On October 15 from 3:30 to 5:30 p.m., a meeting of the CFPB’s Community Bank Advisory Council will take place at the CFPB’s offices in Washington, DC. According to the agenda Brian Webster, Program Manager for the Office of Mortgage Markets, will discuss mortgages, and Gary Stein, Deposit Markets Program Manager and Jesse Leary, Section Chief of Consumer and Household Research, will discuss overdrafts.… Continue Reading
The CFPB has announced that it is ending its closed-door meeting policy for its four advisory groups and will open the meetings to the public. Those groups consist of the Community Bank Advisory Council, the Credit Union Advisory Council, the Academic Research Council, and the Consumer Advisory Board.
The CFPB has stated that the change is intended “to provide more transparency and to be responsive to the requests [for more openness] we’ve received.” … Continue Reading
