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CFPB Announces New Members of Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council
Tuesday, September 22, 2015 6:40 AM

On Friday, the Consumer Financial Protection Bureau announced the appointment of new consumer finance experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. All three bodies provide advice to CFPB leadership on a broad range of consumer financial issues and emerging market trends.

“These advisory bodies play a crucial role in ensuring that the Bureau is addressing the wide variety of perspectives in the consumer financial marketplace,” said CFPB Director Cordray. “The new additions we are announcing today bring a range of expertise and experience that will help inform our work going forward.”

Credit Union National Association reports that eight of the new members are credit union representatives, including six CUNA members.

The newly appointed board and council members include experts in consumer protection, financial services, community development, fair lending, civil rights, and consumer financial products or services, as well as representatives of community banks and credit unions. Board and Council membership reflects the expertise across the range of issues under the Bureau’s jurisdiction as well as the racial, ethnic, and geographic diversity of U.S. consumers. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

See the named Consumer Advisory Board Members