CFPB looking for more advisors

by MPA21 Jan 2015
The Consumer Financial Protection Bureau (CFPB) has announced that it is accepting applications for membership on all of its advisory groups.

In an effort to hear from a variety of experts with diverse viewpoints, the bureau set up the Consumer Advisory Board and two other advisory groups – the Community Bank Advisory Council and Credit Union Advisory Council. CFPB said the groups allow it to hear directly from small financial institutions.

Here’s what the CFPB is looking for:
  • Experts in consumer protection, community development, consumer finance, fair lending, and civil rights
  • Experts in consumer financial products or services
  • Representatives of banks that primarily serve underserved communities
  • Representatives of communities that have been significantly impacted by higher priced mortgage loans
  • Current employees of credit unions and community banks
  • Academics (Experts in research methodologies, framing research questions, data collection, and analytic strategies.)
How many seats are available?
  • 10 seats on the Consumer Advisory Board will become vacant in the fall of 2015.
  • 7 seats on the Community Bank Advisory Council will become vacant in the fall of 2015.
  • 8 seats on the Credit Union Advisory Council will become vacant in the fall of 2015.

Click here to apply.


Should CFPB have more supervision over credit agencies?