Community Bank Advisory Council

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The CFPB  is seeking new members for its Consumer Advisory Board (CAB), Credit Union Advisory Council (CUAC), and Community Bank Advisory Council (CBAC).  In a notice published in today’s Federal Register, the CFPB asks interested persons to submit applications by February 28, 2014.  

Pursuant to Dodd-Frank, CAB membership is open to anyone with the requisite financial services expertise and the CFPB is directed to seek members who represent the interests of industry and consumers. … Continue Reading

The CFPB recently reported that on September 27 in St. Louis, it met with its Consumer Advisory Board, and on October 10 and October 11 at its D.C. headquarters, it met with, respectively, its Community Bank Advisory Council and its Credit Union Advisory Council. (See our September 14 blog post for information on who the CFPB appointed to the Board and Councils and the charters of these groups.) … Continue Reading

The CFPB on September 12 announced the appointment of 25 people to its Consumer Advisory Board, 14 people to its Community Bank Advisory Council, 15 people to its Credit Union Advisory Council and, most significantly, six professors to its Academic Research Council.

While there is nothing very noteworthy in and of itself about the CFPB’s appointments to the Consumer Advisory Board and the Community Bank and Credit Union Advisory Councils (all of which the CFPB was required to do under Dodd-Frank), the announcement pertaining to the Academic Research Council has raised some eyebrows. … Continue Reading