[Federal Register Volume 81, Number 46 (Wednesday, March 9, 2016)]
[Notices]
[Pages 12477-12478]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-05253]


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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). 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, March 24, 2016, 3 p.m. to 4:30 
p.m. eastern daylight time.

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

FOR FURTHER INFORMATION CONTACT: Crystal Dully, Outreach and Engagement 
Associate, 202-435-9588, [email protected], Consumer 
Advisory Board and Councils Office, External Affairs, 1275 First Street 
NE., Washington, DC 20002.

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

[[Page 12478]]

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 the CFPB strategic 
outlook and elder financial abuse. 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, 
Wednesday, March 23, 2016. 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 
Wednesday, March 9, 2016, 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: March 4, 2016.
Christopher D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2016-05253 Filed 3-8-16; 8:45 am]
 BILLING CODE 4810-AM-P