[Federal Register Volume 88, Number 50 (Wednesday, March 15, 2023)]
[Notices]
[Pages 15993-15994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05179]


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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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[[Page 15994]]

SUMMARY: The Consumer Financial Protection Bureau (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 15, 2023. 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 the Dodd-Frank Wall Street Reform and 
Consumer Protection Act.

FOR FURTHER INFORMATION CONTACT: Kimberley Medrano, Acting Staff 
Director, Advisory Board and Councils Section, Office of Stakeholder 
Management, Consumer Education and External Affairs Division, at 202-
590-6736, 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. 10), the Bureau 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 CAB are solely advisory and shall extend only to 
its submission of advice and recommendations to the Bureau. Statements 
made by members of the committee shall not constitute official agency 
policy or guidance. The committee members will advise and consult with 
the Director and the Bureau on matters related to the committee's 
functions under the Dodd-Frank Act through committee and subcommittee 
meeting attendance and participation, fact and information exchange, 
submission of individual advice, and other preparatory and 
administrative work. The CAB will have no formal decision-making role 
and no access to nonpublic Bureau information, to include confidential 
supervisory or other confidential information.
    The committee shall consist of at least ten members. To ensure 
regional diversity and to meet the requirements set forth in the Dodd-
Frank Act, membership in the CAB will be drawn from a pool of 
candidates recommended by Presidents of the Federal Reserve Banks. The 
Director may also appoint additional members, as appropriate. Selection 
of CAB members shall not constitute an endorsement by the Bureau of the 
member's organization or other affiliation. All members appointed by 
the Director shall serve at the pleasure of the Director. The CAB will 
be composed of Representative members. Equal opportunity practices in 
accordance with the Bureau's policies shall be followed in all 
appointments to the committee.

Emily Ross,
Acting Deputy Chief of Staff, Consumer Financial Protection Bureau.
[FR Doc. 2023-05179 Filed 3-14-23; 8:45 am]
BILLING CODE 4810-AM-P