[Federal Register Volume 88, Number 50 (Wednesday, March 15, 2023)]
[Notices]
[Pages 15991-15992]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05183]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Renewal of Community Bank 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 renew the

[[Page 15992]]

Community Bank Advisory Council (the committee or the CBAC) effective 
on March 15, 2023. The CBAC was established to consult with the Bureau 
in the exercise of its functions under the Federal consumer financial 
laws as they pertain to community banks with total assets of $10 
billion or less.

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 Community Bank Advisory Council, 
effective immediately. The CBAC is a discretionary 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 purpose of the CBAC is to advise the Bureau in the exercise of 
its functions under the Federal consumer financial laws as they pertain 
to community banks with total assets of $10 billion or less. The 
Bureau's supervisory process provides an opportunity for learning and 
insight into the operations of financial institutions; having no 
corollary for small depository financial institutions, the Bureau 
created this committee to facilitate a similar opportunity for 
community banks to share insights regarding operational and technical 
considerations, community banking industry business practices, and the 
unique needs of their customers and communities. This group also 
provides timely and pertinent information on how Bureau policies impact 
community banks.
    The duties of the CBAC are solely advisory and shall extend only to 
its submission of advice and recommendations to the Bureau relating to 
the activities and operations of community banks, which shall be non-
binding on the Bureau. Statements made by members of the committee 
shall not constitute official agency policy or guidance. To ensure 
understanding of compliance and regulatory challenges faced by 
community banks, inclusion on the CBAC will be limited to community 
bank employees. No determination of fact or policy will be made by the 
committee. The CBAC will have no formal decision-making role and no 
access to confidential supervisory or other confidential information.
    In appointing members to the committee, the Director shall seek to 
assemble members with diverse points of view, institution asset sizes, 
and geographical backgrounds. Only bank or thrift employees (CEOs, 
compliance officers, government relations officials, etc.) will be 
considered for membership. Membership is limited to employees of banks 
and thrifts with total assets of $10 billion or less that are not 
affiliates of depository institutions or community banks with total 
assets of more than $10 billion.
    The CBAC shall consist of at least eight members. All members 
appointed by the Director shall serve at the pleasure of the Director. 
The committee will be composed exclusively of representatives of the 
community banking industry as described above. No Special Government 
Employees and no Regular Government Employees are expected to serve on 
the committee. The CBAC 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. 2023-05183 Filed 3-14-23; 8:45 am]
BILLING CODE 4810-AM-P