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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 published a notice in the Federal Register announcing that it is seeking applications for membership on its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.  For an applicant to be considered, the Bureau must receive his or her complete application packet by February 27, 2020.… Continue Reading

The CFPB has published notices in the Federal Register announcing that its Consumer Advisory Board, Credit Union Advisory Council, and Community Bank Advisory Council will hold meetings in Washington, D.C. on March 14, 2019.

All of the meetings are scheduled to take place at the same time, thus suggesting that the groups will hold a combined meeting. … Continue Reading

The CFPB has published a notice in the Federal Register soliciting applications for membership on its Consumer Advisory Board and its Credit Union Advisory Council.  Submissions must be received by April 23, 2018.

Members of the Board  are typically appointed  for a three-year term and Council members are typically appointed for a two-year term.… 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 will hold a meeting of its Credit Union Advisory Council on March 24, 2016 in Washington, D.C.  According to the meeting agenda, one session will be a discussion of the CFPB’s strategic outlook and the other session will be a discussion on preventing elder financial abuse.

At last month’s meeting of the CFPB’s Consumer Advisory Board, there was also a session devoted to the CFPB’s strategic outlook. … Continue Reading

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council.  New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

New Consumer Advisory Board members are:

  • Seema M.
… Continue Reading

A bill to require the CFPB to establish a small business advisory board was recently introduced by Republican Congressman Robert Pittenger and Democratic Congressman Denny Heck. 

H.R. 4383, entitled the “Bureau of Consumer Financial Protection Small Business Advisory Board Act,” would establish a board comprised of at least 12 members who are “representatives of small business concerns that provide eligible financial products or services.”  … Continue Reading

Last week, we reported that Republican Congressman Jeb Hensarling, who chairs the House Financial Services Committee, has called on the CFPB to end its closed-door meeting policy for its four advisory groups.  Those groups consist of the Community Bank Advisory Council, the Credit Union Advisory Council, the Academic Research Council, and the Consumer Advisory Board.… Continue Reading