Notice2023-05183
Renewal of Community Bank Advisory 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 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.
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 15991-15992]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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 <a href="/cdn-cgi/l/email-protection#22694b4f4047504e475b0c6f474650434c4d62414452400c454d54"><span class="__cf_email__" data-cfemail="652e0c0807001709001c4b28000117040b0a25060315074b020a13">[email protected]</span></a>. If you require this document
in an alternative electronic format, please contact
<a href="/cdn-cgi/l/email-protection#acefeafceef3edcfcfc9dfdfc5cec5c0c5d8d5eccfcadcce82cbc3da"><span class="__cf_email__" data-cfemail="f9babfa9bba6b89a9a9c8a8a909b9095908d80b99a9f899bd79e968f">[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 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 <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 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
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