[Federal Register Volume 84, Number 56 (Friday, March 22, 2019)]
[Notices]
[Page 10799]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-05452]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Renewal of Consumer Advisory Board

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice.

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SUMMARY: The Bureau of Consumer Financial Protection (Bureau), after 
consultation with the Committee Management Secretariat of the General 
Services Administration, will renew the Consumer Advisory Board (the 
committee or the CAB) effective on March 21, 2019. The CAB will 
``advise and consult with the Bureau in the exercise of its functions 
under the Federal consumer financial laws'' and ``provide information 
on emerging practices in the consumer financial products or services 
industry, including regional trends, concerns, and other relevant 
information,'' as outlined in section 1014(a) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act.

FOR FURTHER INFORMATION CONTACT: Matt Cameron, Acting Staff Director, 
Office of Advisory Board and Councils, External Affairs, at 202-435-
7708, or [email protected]. If you require this document in an 
alternative electronic format, please contact 
[email protected].

SUPPLEMENTARY INFORMATION: In accordance with the provisions of the 
Federal Advisory Committee Act (`FACA') (5 U.S.C. App.), the Bureau of 
Consumer Financial Protection hereby gives notice of renewal of the 
Consumer Advisory Board, effective immediately. The CAB is a continuing 
committee being renewed for the purposes of compliance with FACA and 
applicable statutes. This committee is being renewed concurrently with 
the publication of this notice by filing a charter with the Director of 
the Bureau, the Committee Management Secretariat of the General 
Services Administration, the Library of Congress, 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 
website at www.consumerfinance.gov. This charter will expire two years 
after the filing date unless renewed by appropriate action.
    The CAB's purpose is outlined in section 1014(a) of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which 
states that the committee shall ``advise and consult with the Bureau in 
the exercise of its functions under the Federal consumer financial 
laws'' and ``provide information on emerging practices in the consumer 
financial products or services industry, including regional trends, 
concerns, and other relevant information.''
    To carry out the CAB's purpose, the scope of its activities shall 
include providing information, analysis, and recommendations to the 
Bureau. The CAB will generally serve as a vehicle for trends and themes 
in the consumer finance marketplace for the Bureau. Its objectives will 
include identifying and assessing the impact on consumers and other 
market participants of new, emerging, and changing products, practices, 
or services. The duties of the committee are solely advisory and shall 
extend only to the submission of advice and recommendations to the 
Bureau, which shall be non-binding on the Bureau. No determination of 
fact or policy will be made by the committee, and the committee will 
have no formal decision-making role and no access to confidential 
supervisory or other confidential information.
    The committee shall consist of no fewer than approximately ten 
members serving two-year terms, including at least six members 
appointed upon the recommendation of the regional Federal Reserve Bank 
Presidents on a rotating basis, and shall be chosen to ensure a fairly 
balanced membership. In accordance with the Dodd-Frank Act, ``in 
appointing the members of the Consumer Advisory Board, the Director 
shall seek to assemble experts in: Consumer protection, financial 
services, community development, fair lending and civil rights, and 
consumer financial products or services and representatives of 
depository institutions that primarily serve underserved communities, 
and representatives of depository institutions that primarily serve 
underserved communities, and representatives of communities that have 
been significantly impacted by higher-priced mortgage loans, and seek 
representation of the interests of covered persons and consumers, 
without regard to party affiliation.'' Equal opportunity practices in 
accordance with the Bureau's policies shall be followed in all 
appointments to the committee.

    Dated: March 18, 2019.
Kirsten Sutton,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2019-05452 Filed 3-21-19; 8:45 am]
 BILLING CODE 4810-AM-P