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CFPB Accepting Applications for Advisory Board and Councils
Wednesday, March 21, 2018 6:50 AM

The Consumer Financial Protection Bureau has set up three advisory groups, the Consumer Advisory Board, the Community Bank Advisory Council, and the Credit Union Advisory Council to ascertain information about emerging trends and practices in the consumer financial marketplace. The groups also allow the CFPB to hear directly from small financial institutions.

Applications are being accepted now from individuals who can provide guidance as the CFPB carries out its work. Following are what the Bureau is looking for in applicants:

  • Experts in consumer protection, community development, consumer finance, fair lending, and civil rights;
  • Experts in consumer financial products or services;
  • Representatives of banks that primarily serve underserved communities;
  • Representatives of communities that have been significantly impacted by higher priced mortgage loans;
  • Current employees of credit unions and community banks;
  • Academics (experts in consumer finance markets and underserved populations).

How to apply
For more information on how to apply to serve on the Consumer Advisory Board, Community Bank Advisory Council, or the Credit Union Advisory Council you can:

  • Review instructions on how to submit an application for membership;
  • Apply online (applying online is highly encouraged);
  • Learn more about the Advisory Groups;
  • Visit Frequently Asked Questions for more information;
  • Only complete application packets received on or before April 23, 2018, will be given consideration for membership on the board and councils.

The Bureau provides access to machine-readable application materials to members of the public that are visually impaired. View the readable application.

How many seats are available?

  • 10 seats on the Consumer Advisory Board will become vacant in the fall of 2018.
  • 15 seats on the Community Bank Advisory Council will become vacant in the fall of 2018.
  • 12 seats on the Credit Union Advisory Council will become vacant in the fall of 2018.