Federal Advisory Committee Act

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