CFPB now accepting applications for advisory committees

The Consumer Financial Protection Bureau has announced the establishment of four advisory committees: the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council. Applications for each committee are being accepted from July 5 through July 24.

These advisory committees are meant to provide the CFPB with information about emerging trends and practices in the consumer financial marketplace and to hear directly from small financial institutions. CFPB invites applications from individuals who can provide insight and advice as the bureau carries out its work.

Examples of the types of applicants:

• Experts in consumer protection, community development, consumer finance, fair lending, and civil rights
• Experts in consumer financial products or services, including consumer reporting, student lending, small dollar lending, credit cards, debt collection, and debt relief
• Experts in consumer finance education
• Representatives of banks and credit unions that 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 with a strong research and publishing or practitioner background, and a record of involvement in research and public policy, including public or academic service
  

How to apply

Applicants must follow the instructions on the CFPB’s application page and submit a complete packet including:

• Cover letter explaining interests and qualifications
• Resume or curriculum vitae
• Recommendation letter(s) from a third party describing the interests and qualifications to serve
• Completed questionnaire
  

Only complete application packets received on or before July 24, 2022, will be given consideration for membership on the advisory committees.

Learn more about CFPB  Advisory Committees.