[Federal Register Volume 80, Number 182 (Monday, September 21, 2015)]
[Notices]
[Pages 56966-56967]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-23600]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Credit Union Advisory Council Meeting

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice of public meeting.

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SUMMARY: This notice sets forth the announcement of a public meeting of 
the Credit Union Advisory Council (CUAC or Council) of the Consumer 
Financial Protection Bureau (Bureau).

[[Page 56967]]

The notice also describes the functions of the Council. Notice of the 
meeting is permitted by Section 9 of the CUAC Charter and is intended 
to notify the public of this meeting. Specifically, Section 9(d) of the 
CUAC Charter states: (1) Each meeting of the Council shall be open to 
public observation, to the extent that a facility is available to 
accommodate the public, unless the Bureau, in accordance with paragraph 
(4) of this section, determines that the meeting shall be closed. The 
Bureau also will make reasonable efforts to make the meetings available 
to the public through live recording. (2) Notice of the time, place and 
purpose of each meeting, as well as a summary of the proposed agenda, 
shall be published in the Federal Register not more than 45 or less 
than 15 days prior to the scheduled meeting date. Shorter notice may be 
given when the Bureau determines that the Council's business so 
requires; in such event, the public will be given notice at the 
earliest practicable time. (3) Minutes of meetings, records, reports, 
studies, and agenda of the Council shall be posted on the Bureau's Web 
site (www.consumerfinance.gov). (4) The Bureau may close to the public 
a portion of any meeting, for confidential discussion. If the Bureau 
closes a meeting or any portion of a meeting, the Bureau will issue, at 
least annually, a summary of the Council's activities during such 
closed meetings or portions of meetings.

DATES: The meeting date is Thursday, October 8, 2015, 3:00 p.m. to 4:30 
p.m. Eastern Daylight Time.

ADDRESSES: The meeting location is Consumer Financial Protection 
Bureau, 1275 First Street NE., Washington, DC 20002.

FOR FURTHER INFORMATION CONTACT: Crystal Dully, Consumer Advisory Board 
& Councils, External Affairs, 1275 First Street NE., Washington, DC 
20002; telephone: 202-435-9588; [email protected].

SUPPLEMENTARY INFORMATION:

I. Background

    Section 2 of the CUAC Charter provides: ``Pursuant to the executive 
and administrative powers conferred on the Consumer Financial 
Protection Bureau (CFPB or Bureau) by Section 1012 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the 
Director established the Credit Union Advisory Council to consult with 
the Bureau in the exercise of its functions under the federal consumer 
financial laws as they pertain to credit unions with total assets of 
$10 billion or less.''
    Section 3 of the CUAC Charter states: ``a) The CFPB supervises 
depository institutions and credit unions with total assets of more 
than $10 billion and their respective affiliates, but other than the 
limited authority conferred by Sec.  1026 of the Dodd-Frank Act, the 
CFPB does not have supervisory authority regarding credit unions and 
depository institutions with total assets of $10 billion or less. As a 
result, the CFPB does not have regular contact with these institutions, 
and it would therefore be beneficial to create a mechanism to ensure 
that their unique perspectives are shared with the Bureau. Small 
Business Regulatory Enforcement Fairness Act (SBREFA) panels provide 
one avenue to gather this input, but participants from credit unions 
must possess no more than $175 million in assets, which precludes the 
participation of many. b) The Advisory Council shall fill this gap by 
providing an interactive dialogue and exchange of ideas and experiences 
between credit union employees and Bureau staff. c) The Advisory 
Council shall advise generally on the Bureau's regulation of consumer 
financial products or services and other topics assigned to it by the 
Director. To carry out the Advisory Council's purpose, the scope of its 
activities shall include providing information, analysis, and 
recommendations to the Bureau. The output of Advisory Council meetings 
should serve to better inform the CFPB's policy development, 
rulemaking, and engagement functions.''

II. Agenda

    The Credit Union Advisory Council will discuss consumer challenges 
in payments.
    Persons who need a reasonable accommodation to participate should 
contact [email protected], 202-435-9EEO, 1-855-233-0362, or 202-
435-9742 (TTY) at least ten business days prior to the meeting or event 
to request assistance. The request must identify the date, time, 
location, and title of the meeting or event, the nature of the 
assistance requested, and contact information for the requester. CFPB 
will strive to provide, but cannot guarantee that accommodation will be 
provided for late requests.
    Individuals who wish to attend the Credit Union Advisory Council 
meeting must RSVP to [email protected] by noon, 
Tuesday, October 7, 2015. Members of the public must RSVP by the due 
date and must include ``CUAC'' in the subject line of the RSVP.

III. Availability

    The Council's agenda will be made available to the public on 
Tuesday, September 22, 2015, via consumerfinance.gov. Individuals 
should express in their RSVP if they require a paper copy of the 
agenda.
    A recording and transcript of this meeting will be available after 
the meeting on the CFPB's Web site consumerfinance.gov.

    Dated: September 16, 2015.
Christopher D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2015-23600 Filed 9-18-15; 8:45 am]
 BILLING CODE 4810-AM-P