In trying to find a video of the meeting last month of the CFPB’s Consumer Advisory Board, we recently discovered that the CFPB’s website contains a YouTube link where the CFPB posts videos of field hearings and other events. Videos of CFPB officials speaking about various issues can also be found at the link.… Continue Reading
Consumer Advisory Board
CFPB seeking new members for Consumer Advisory Board and Credit Union/Community Bank Advisory Councils
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
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
CFPB Consumer Advisory Board to hold September 18 meeting in Jackson, Mississippi
By Barbara S. Mishkin on
Posted in Fair Lending, Regulatory and Enforcement
The CFPB has announced that its Consumer Advisory Board (CAB) will hold a meeting in Jackson, Mississippi on September 18, 2013. The CFPB’s flyer for the event states that “CAB members will engage with invited community and industry panelists and facilitate a conversation about innovative strategies to improve consumer access to credit, information and financial resources.” … Continue Reading
CFPB’s Consumer Advisory Board hears from payday loan consumers and other supporters
By Alan S. Kaplinsky on
Posted in Payday Lending, Regulatory and Enforcement
We have been critical of the failure of the CFPB’s white paper on payday and deposit advance loans to address the very real benefits of payday loans or the question whether (and when) such benefits outweigh the costs. Similar criticism was also voiced by the Community Financial Services Association of America (CFSA), a national trade organization for payday lenders, in a letter to the CFPB. … Continue Reading
Trade group charges CFPB’s closing of Consumer Advisory Board meeting to public violates federal law
By Barbara S. Mishkin on
A letter sent today to the CFPB by an attorney for the Community Financial Services Association of America (CFSA), a national trade organization for payday lenders, asserts that the CFPB violated the Federal Advisory Committee Act (FACA) by excluding the public from portions of today’s meeting of the CFPB’s Consumer Advisory Board (CAB).… Continue Reading
CFPB holds meetings with Consumer Advisory Board and Community Bank and Credit Union Advisory Councils
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
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
CFPB to hold public meeting of Consumer Advisory Board
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
The CFPB has announced that its new Consumer Advisory Board will hold its inaugural meeting on Thursday, September 27 in St. Louis, Missouri. Director Cordray will be speaking at the meeting, which is open to the public.
At the same time it announced the names of its appointees to the Consumer Advisory Board, the CFPB also announced that it had appointed six professors to its Academic Research Council. … Continue Reading
CFPB announces appointments to its Consumer Advisory Board and advisory councils for community banks, credit unions, and academic research
By Alan S. Kaplinsky on
Posted in CFPB General, Regulatory and Enforcement
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