Notice2023-05179
Renewal of Consumer Advisory Board
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 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.
Full Text
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<title>Federal Register, Volume 88 Issue 50 (Wednesday, March 15, 2023)</title>
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[Federal Register Volume 88, Number 50 (Wednesday, March 15, 2023)]
[Notices]
[Pages 15993-15994]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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 <a href="/cdn-cgi/l/email-protection#bef5d7d3dcdbccd2dbc790f3dbdaccdfd0d1feddd8cedc90d9d1c8"><span class="__cf_email__" data-cfemail="88c3e1e5eaedfae4edf1a6c5edecfae9e6e7c8ebeef8eaa6efe7fe">[email protected]</span></a>. If you require this document
in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#a7e4e1f7e5f8e6c4c4c2d4d4cec5cecbced3dee7c4c1d7c589c0c8d1"><span class="__cf_email__" data-cfemail="abe8edfbe9f4eac8c8ced8d8c2c9c2c7c2dfd2ebc8cddbc985ccc4dd">[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 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 <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 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
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