Notice2023-05178
Renewal of Academic Research Council
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 15, 2023
Issuing agencies
Consumer Financial Protection Bureau
Abstract
The Consumer Financial Protection Bureau (Bureau), after consultation with the Committee Management Secretariat of the General Services Administration, will renew the Academic Research Council (the committee or the ARC) effective on March 15, 2023. The ARC will provide the Bureau with advice about its strategic research planning process and research agenda, including views on the research that the Bureau should conduct relating to consumer financial products or services, consumer behavior, cost-benefit analysis, or other topics to enable the agency to further its statutory purposes and objectives; provide the Office of Research with technical advice and feedback on research methodologies, data collection strategies, and methods of analysis, including methodologies and strategies for quantifying the costs and benefits of regulatory actions; and serve as peer reviewers of policy- determinative research conducted by the Bureau.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 50 (Wednesday, March 15, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 50 (Wednesday, March 15, 2023)]
[Notices]
[Page 15993]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05178]
-----------------------------------------------------------------------
BUREAU OF CONSUMER FINANCIAL PROTECTION
Renewal of Academic Research Council
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Consumer Financial Protection Bureau (Bureau), after
consultation with the Committee Management Secretariat of the General
Services Administration, will renew the Academic Research Council (the
committee or the ARC) effective on March 15, 2023. The ARC will provide
the Bureau with advice about its strategic research planning process
and research agenda, including views on the research that the Bureau
should conduct relating to consumer financial products or services,
consumer behavior, cost-benefit analysis, or other topics to enable the
agency to further its statutory purposes and objectives; provide the
Office of Research with technical advice and feedback on research
methodologies, data collection strategies, and methods of analysis,
including methodologies and strategies for quantifying the costs and
benefits of regulatory actions; and serve as peer reviewers of policy-
determinative research conducted by the Bureau.
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 <a href="/cdn-cgi/l/email-protection#c08ba9ada2a5b2aca5b9ee8da5a4b2a1aeaf80a3a6b0a2eea7afb6"><span class="__cf_email__" data-cfemail="175c7e7a7572657b726e395a727365767978577471677539707861">[email protected]</span></a>. If you require this document
in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#cd8e8b9d8f928caeaea8bebea4afa4a1a4b9b48daeabbdafe3aaa2bb"><span class="__cf_email__" data-cfemail="6d2e2b3d2f322c0e0e081e1e040f04010419142d0e0b1d0f430a021b">[email protected]</span></a>.
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 Academic Research Council, effective
immediately. The ARC is a discretionary committee being renewed for the
purposes of compliance with FACA. 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 <a href="http://www.consumerfinance.gov">www.consumerfinance.gov</a>. This charter will expire
two years after the filing date unless renewed by appropriate action.
The ARC will (1) provide the Bureau with advice about its strategic
research planning process and research agenda, including views on the
research that the Bureau should conduct relating to consumer financial
products or services, consumer behavior, cost-benefit analysis, or
other topics to enable the agency to further its statutory purposes and
objectives; (2) provide the Office of Research with technical advice
and feedback on research methodologies, data collection strategies, and
methods of analysis, including methodologies and strategies for
quantifying the costs and benefits of regulatory actions; and, (3)
serve as peer reviewers of policy-determinative research conducted by
the Bureau.
The duties of the ARC 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. No determination of fact or policy will be made by
the committee, and the committee will have no formal decision-making
role.
In appointing members to the committee, the Director shall seek to
assemble members who are economic experts and academics with diverse
points of view such as experienced economists with a strong research
and publishing or practitioner background, and a record of involvement
in research and public policy, including public or academic service.
Additionally, members should be prominent experts who are recognized
for their professional achievements and rigorous economic analysis
including those specializing in household finance, finance, financial
education, labor economics, industrial organization, public economics,
and law and economics; and experts from related social sciences related
to the Bureau's mission. In particular, the Director will seek to
identify academics with strong methodological and technical expertise
in structural or reduced form econometrics; modeling of consumer
decision-making; survey and random controlled trial methods; cost-
benefit analysis; welfare economics and program evaluation; or
marketing.
The ARC shall consist of at least seven members. All members
appointed by the Director shall serve at the pleasure of the Director.
Committee members will be designated as Special Government Employees.
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. 2023-05178 Filed 3-14-23; 8:45 am]
BILLING CODE 4810-AM-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on March 15, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.