[Federal Register Volume 82, Number 35 (Thursday, February 23, 2017)]
[Notices]
[Pages 11440-11441]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03491]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Establishment of Credit Union Advisory Council

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice.

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SUMMARY: The Consumer Financial Protection Bureau (``Bureau''), after 
consultation with the Committee Management Secretariat of the General 
Services Administration, will establish the Credit Union Advisory 
Council (``the Advisory Council'') no less than 15 days from the 
effective date of this notice. The Advisory Council was established 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.

FOR FURTHER INFORMATION CONTACT: Delicia Hand, Staff Director, Advisory 
Board and Councils Office, External Affairs, Consumer Financial 
Protection Bureau, 1275 First Street NE., Washington, DC 20002; 
Telephone: (202) 435-9348; email: [email protected].

SUPPLEMENTARY INFORMATION: In accordance with the provisions of the 
Federal Advisory Committee Act (``FACA'') (5 U.S.C. App.), the Consumer 
Financial Protection Bureau (``Bureau'') hereby gives notice of re-
establishment of the Credit Union Advisory Council. In December of 
2015, language included in the 2016 Omnibus spending bill amended the 
Consumer Financial Protection Act to clarify the applicability of the 
FACA to the Bureau. The Advisory Council is a continuing committee 
being re-established for the purposes of compliance with FACA and 
applicable statutes.
    This committee is being established no less than 15 days after the 
publication of this notice by filing a charter with the Director of the 
Bureau and with the Committee Management Secretariat of the General 
Services Administration, and furnishing the charter to the Library of 
Congress and the Committee on Banking, Housing, and Urban Affairs of 
the United States Senate and the Committee on Financial Services of the 
United States House of Representatives. The charter will also be posted 
on the Bureau's Web site at www.consumerfinance.gov. This charter will 
expire two years after the filing date unless renewed by appropriate 
action.
    The Advisory Council shall advise the Bureau in its exercise of its 
functions under the Federal consumer financial laws as they pertain to 
credit unions with total assets of $10 billion or less. To carry out 
the Advisory Council's purpose, the scope of its activities shall 
include providing information, and analysis in support of 
recommendations to the Bureau. The output of Advisory Council meetings 
should serve to better inform the Bureau's policy development, 
rulemaking, and engagement functions as they relate to credit unions.
    The duties of the Advisory Council are solely advisory and shall 
extend only to the submission of advice and recommendations to the 
Bureau relating to the activities and operations of credit unions, 
which shall be non-binding on the Bureau. No determination of fact or 
policy will be made by the Advisory Council, and the Advisory Council 
will have no formal decision-making role

[[Page 11441]]

and no access to confidential supervisory or other confidential 
information.
    In appointing members to the Advisory Council, the Director shall 
seek to assemble members with diverse points of view, institution asset 
sizes, and geographical backgrounds. Only credit union employees (CEOs, 
compliance officers, government relations officials, etc.) will be 
considered for membership. Membership is limited to employees of credit 
unions with total assets of $10 billion or less that are not affiliates 
of depository institutions or credit unions with total assets of more 
than $10 billion. The Advisory Council will consist of approximately 15 
to 20 members. Equal opportunity practices in accordance with the 
Consumer Financial Protection Bureau (``Bureau'') policies shall be 
followed in all appointments to the Advisory Council.

    Dated: January 20, 2017.
Leandra English,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2017-03491 Filed 2-22-17; 8:45 am]
BILLING CODE 4810-AM-P