CFPB ANNOUNCES ENHANCEMENTS TO ADVISORY COMMITTEES AND OPENING OF MEMBER APPLICATIONS

摘要

On March 21, the Consumer Financial Protection Bureau (CFPB) announced enhancements to its advisory committee charters. The enhancements are a result of CFPB Director Kathleen L. Kraninger's engagement with current and former advisory committee members during her three-month listening tour. The CFPB's advisory committee program includes the Consumer Advisory Board (CAB), Academic Research Council (ARC), Community Bank Advisory Council (CBAC), and Credit Union Advisory Council (CUAC). Effective fiscal year 2020, the committees will expand their focus to broad policy matters and increase the frequency of in-person meetings from two times a year to three times a year. The CAB, CBAC, and CUAC will continue their joint public meetings. The ARC will meet separately, in-person and twice a year. Additionally, the ARC is being elevated to a Director-level advisory committee.