81 FR 2200 - Consumer Advisory Board and Councils Solicitation of Applications for Membership

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 81, Issue 10 (January 15, 2016)

Page Range		2200-2201
FR Document		2016-00548

Pursuant to the authorities given to the Director of the Consumer Financial Protection Bureau (Bureau) under the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) Director Richard Cordray invites the public to apply for membership for appointment to its Consumer Advisory Board (Board), Community Bank Advisory Council, and Credit Union Advisory Council (collectively, Advisory Councils). Membership of the Board and Councils includes representatives of consumers, communities, the financial services industry and academics. Appointments to the Board are typically for three years and appointments to the Councils are typically for two years. However, the Director may amend the respective Board and Council charters from time to time during the charter terms, as the Director deems necessary to accomplish the purpose of the Board and Councils. The Bureau expects to announce the selection of new members in August 2016.

Federal Register, Volume 81 Issue 10 (Friday, January 15, 2016)

[Federal Register Volume 81, Number 10 (Friday, January 15, 2016)]
[Notices]
[Pages 2200-2201]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2016-00548]

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BUREAU OF CONSUMER FINANCIAL PROTECTION

Consumer Advisory Board and Councils Solicitation of Applications
for Membership

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: Pursuant to the authorities given to the Director of the
Consumer Financial Protection Bureau (Bureau) under the Wall Street
Reform and Consumer Protection Act (Dodd-Frank Act) Director Richard
Cordray invites the public to apply for membership for appointment to
its Consumer Advisory Board (Board), Community Bank Advisory Council,
and Credit Union Advisory Council (collectively, Advisory Councils).
Membership of the Board and Councils includes representatives of
consumers, communities, the financial services industry and academics.
Appointments to the Board are typically for three years and
appointments to the Councils are typically for two years. However, the
Director may amend the respective Board and Council charters from time
to time during the charter terms, as the Director deems necessary to
accomplish the purpose of the Board and Councils. The Bureau expects to
announce the selection of new members in August 2016.

DATES: Complete application packets received on or before February 29,
2016, will be given consideration for membership on the Board and
Councils.

ADDRESSES: If electronic submission is not feasible, the completed
application packet can be mailed to Julian Alcazar, Outreach and
Engagement Associate, Consumer Financial Protection Bureau, 1700 G
Street NW., Washington, DC 20552.
All applications for membership on the Board and Councils should be
sent:
Electronically: https://consumer-financial-protection-bureau.forms.fm/application-to-serve-on-advisory-board-body-panel-committee-or-group. We strongly encourage electronic submissions.
Mail: Julian Alcazar, Outreach and Engagement Associate,
Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC
20552. Submissions must be postmarked on or before 5 p.m. eastern
standard time on February 29, 2016.
Hand Delivery/Courier in Lieu of Mail: Julian Alcazar,
Outreach and Engagement Associate, Consumer Financial Protection
Bureau, 1275 First Street NE., 1223-C, Washington, DC

[[Page 2201]]

20002. Submissions must be received on or before 5 p.m. eastern
standard time on February 29, 2016.

FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to Julian Alcazar, Outreach and Engagement
Associate, Consumer Financial Protection Bureau, (202) 435-9885.

SUPPLEMENTARY INFORMATION:

I. Background

The Bureau is charged with regulating ``the offering and provision
of consumer financial products or services under the Federal consumer
financial laws,'' so as to ensure that ``all consumers have access to
markets for consumer financial products and services and that markets
for consumer financial products and services are fair, transparent, and
competitive.'' Pursuant to section 1021(c) of the Wall Street Reform
and Consumer Protection Act, Public Law 111-203, Dodd-Frank Act, the
Bureau's primary functions are:
1. Conducting financial education programs;
2. Collecting, investigating, and responding to consumer
complaints;
3. Collecting, researching, monitoring, and publishing information
relevant to the function of markets for consumer financial products and
services to identify risks to consumers and the proper functioning of
such markets;
4. Supervising persons covered under the Dodd-Frank Act for
compliance with Federal consumer financial law, and taking appropriate
enforcement action to address violations of Federal consumer financial
law;
5. Issuing rules, orders, and guidance implementing Federal
consumer financial law; and
6. Performing such support activities as may be needed or useful to
facilitate the other functions of the Bureau.
As described in more detail below, section 1014 of the Dodd-Frank
Act calls for the Director of the Bureau to establish a Consumer
Advisory Board to advise and consult with the Bureau regarding its
functions, and to provide information on emerging trends and practices
in the consumer financial markets.

III. Qualifications

Pursuant to section 1014(b) of the Dodd-Frank Act, in appointing
members to the Board, ``the Director shall seek to assemble experts in
consumer protection, financial services, community development, fair
lending and civil rights, and consumer financial products or services
and representatives of depository institutions that primarily serve
underserved communities, and representatives of communities that have
been significantly impacted by higher-priced mortgage loans, and seek
representation of the interests of covered persons and consumers,
without regard to party affiliation.'' The determinants of
``expertise'' shall depend, in part, on the constituency, interests, or
industry sector the nominee seeks to represent, and where appropriate,
shall include significant experience as a direct service provider to
consumers.
Pursuant to section 5 of the Community Bank Advisory Council
Charter, in appointing members to the Council the Director shall seek
to assemble experts in consumer protection, financial services,
community development, fair lending and civil rights, and consumer
financial products or services and representatives of community banks
that primarily serve underserved communities, and representatives of
communities that have been significantly impacted by higher-priced
mortgage loans, and shall strive to have diversity in terms of points
of view. Only current 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 credit unions with total assets of more than
$10 billion.
Pursuant to section 12 of the Credit Union Advisory Council
Charter, in appointing members to the Council the Director shall seek
to assemble experts in consumer protection, financial services,
community development, fair lending and civil rights, and consumer
financial products or services and representatives of credit unions
that primarily serve underserved communities, and representatives of
communities that have been significantly impacted by higher-priced
mortgage loans, and shall strive to have diversity in terms of points
of view. Only current credit union employees (CEOs, compliance
officers, government relations officials, etc.) will be considered for
membership. Membership is limited to employees of credit unions with
total assets of $10 billion or less that are not affiliates of
depository institutions or credit unions with total assets of more than
$10 billion.
The Bureau has a special interest in ensuring that the perspectives
of women and men, all racial and ethnic groups, and individuals with
disabilities are adequately represented on the Board and Councils, and
therefore, encourages applications from qualified candidates from these
groups. The Bureau also has a special interest in establishing a Board
that is represented by a diversity of viewpoints and constituencies,
and therefore encourages applications from qualified candidates who:
1. Represent the United States' geographic diversity; and
2. Represent the interests of special populations identified in the
Dodd-Frank Act, including service members, older Americans, students,
and traditionally underserved consumers and communities.

IV. Application Procedures

Any interested person may apply for membership on the Board or
Council.
A complete application packet must include:
1. A recommendation letter from a third party describing the
applicant's interests and qualifications to serve on the Board or
Council;
2. A complete r[eacute]sum[eacute] or curriculum vitae for the
applicant; and
3. A one-page cover letter, which summarizes the applicant's
expertise and provides reason(s) why he or she would like to join the
Board or Council.
4. A complete application. https://consumer-financial-protection-bureau.forms.fm/application-to-serve-on-advisory-board-body-panel-committee-or-group.
To evaluate potential sources of conflicts of interest, the Bureau
will ask potential candidates to provide information related to
financial holdings and/or professional affiliations, and to allow the
Bureau to perform a background check. The Bureau will not review
applications and will not answer questions from internal or external
parties regarding applications until the application period has closed.
The Bureau will not entertain applications of federally registered
lobbyists for a position on the Board and Councils.
Only complete applications will be given consideration for review
of membership on the Board and Councils.

Dated: January 7, 2016.
Christopher D'Angelo,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2016-00548 Filed 1-14-16; 8:45 am]
BILLING CODE 4810-AM-P

2200 Federal Register / Vol. 81, No. 10 / Friday, January 15, 2016 / Notices

2. Collecting, investigating, and evaluation, psychology, and financial BUREAU OF CONSUMER FINANCIAL
responding to consumer complaints; choice. The members of the Council will PROTECTION
3. Collecting, researching, monitoring, collectively provide a balance of
and publishing information relevant to expertise across these areas. Consumer Advisory Board and
the function of markets for consumer The Council is composed of no more Councils Solicitation of Applications
financial products and services to than nine members. Currently we have for Membership
identify risks to consumers and to the six Council members. We are looking to AGENCY: Bureau of Consumer Financial
proper functioning of such markets; fill three additional seats on the Council
4. Supervising persons covered under Protection.
in 2016. You can learn more about ACTION: Notice.
the Dodd-Frank Act for compliance with current Academic Research Council
Federal consumer financial law, and members here. SUMMARY: Pursuant to the authorities
taking appropriate enforcement action given to the Director of the Consumer
to address violations of Federal The Bureau has a special interest in
ensuring that the perspectives of women Financial Protection Bureau (Bureau)
consumer financial law; under the Wall Street Reform and
5. Issuing rules, orders, and guidance and men, all racial and ethnic groups,
and individuals with disabilities are Consumer Protection Act (Dodd-Frank
implementing Federal consumer Act) Director Richard Cordray invites
financial law; and adequately represented on the Council
and therefore encourages applications the public to apply for membership for
6. Performing such support activities
from qualified candidates from these appointment to its Consumer Advisory
as may be needed or useful to facilitate
groups. The Bureau also has a special Board (Board), Community Bank
the other functions of the Bureau.
interest in establishing a Council that is Advisory Council, and Credit Union
II. Academic Research Council represented by a diversity of viewpoints Advisory Council (collectively,
Section 1013(b)(1) of the Consumer and constituencies, and therefore Advisory Councils). Membership of the
Financial Protection Act, 12 U.S.C. encourages nominations for qualified Board and Councils includes
5493(b)(1), establishes the Consumer candidates who: representatives of consumers,
Financial Protection Bureau’s Office of 1. Represent the United States’ communities, the financial services
Research and assigns to it the geographic diversity; and industry and academics. Appointments
responsibility of researching, analyzing, to the Board are typically for three years
2. Understand the interests of special and appointments to the Councils are
and reporting on topics relating to the populations identified in the Dodd-
Bureau’s mission, including typically for two years. However, the
Frank Act, including servicemembers, Director may amend the respective
developments in markets for consumer older Americans, students, and
financial products and services, Board and Council charters from time to
traditionally underserved consumers time during the charter terms, as the
consumer awareness, and consumer and communities.
behavior. The Bureau established the Director deems necessary to accomplish
Council as a technical advisory body IV. Application Procedures the purpose of the Board and Councils.
comprised of scholars to provide the The Bureau expects to announce the
Any interested person may apply for selection of new members in August
Office of Research with methodological membership on the Council.
and technical advice and feedback on its 2016.
A complete application packet may
research work by framing research include a cover letter and must include: DATES: Complete application packets
questions; suggesting new data received on or before February 29, 2016,
collection strategies and methods of 1. A complete résumé or curriculum will be given consideration for
analysis; providing feedback, both vitae for the applicant; and membership on the Board and Councils.
backward and forward looking, on the 2. Completed application. ADDRESSES: If electronic submission is
Office of Research’s research program; To evaluate potential sources of not feasible, the completed application
providing input into its research conflicts of interest, the Bureau will ask packet can be mailed to Julian Alcazar,
strategic planning process and research potential candidates to provide Outreach and Engagement Associate,
agenda; collaborating with the Bureau’s information related to financial holdings Consumer Financial Protection Bureau,
research staff on high value research and/or professional affiliations, and to 1700 G Street NW., Washington, DC
projects which will allow for transfer of allow the Bureau to perform a 20552.
specialized expertise; and supporting background check. The Bureau will not All applications for membership on
high quality recruitment. review nominations and will not answer the Board and Councils should be sent:
questions from internal or external • Electronically: https://consumer-
III. Qualifications parties regarding applications until the financial-protection-bureau.forms.fm/
In appointing members of the application period has closed. application-to-serve-on-advisory-board-
Council, the Office of Research seeks to The Bureau will not entertain body-panel-committee-or-group. We
recruit tenured academics with a world nominations of federally registered strongly encourage electronic
class research and publishing lobbyists and individuals who have submissions.
background, and a record of public or been convicted of a felony for a position • Mail: Julian Alcazar, Outreach and
academic service. We are seeking on the Council. Engagement Associate, Consumer
prominent experts who are recognized Only complete applications will be Financial Protection Bureau, 1700 G
for their professional achievements and given consideration for review of Street NW., Washington, DC 20552.
mstockstill on DSK4VPTVN1PROD with NOTICES

objectivity in economics, statistics, membership on the Council. Submissions must be postmarked on or
psychology or behavioral science. In before 5 p.m. eastern standard time on
particular, academics with strong Dated: January 7, 2016. February 29, 2016.
methodological and technical expertise Christopher D’Angelo, • Hand Delivery/Courier in Lieu of
in structural or reduced form Chief of Staff, Bureau of Consumer Financial Mail: Julian Alcazar, Outreach and
econometrics, modeling of consumer Protection. Engagement Associate, Consumer
decision-making, behavioral economics, [FR Doc. 2016–00546 Filed 1–14–16; 8:45 am] Financial Protection Bureau, 1275 First
experimental economics, program BILLING CODE 4810–AM–P Street NE., 1223–C, Washington, DC

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Federal Register / Vol. 81, No. 10 / Friday, January 15, 2016 / Notices 2201

20002. Submissions must be received on serve underserved communities, and and Councils, and therefore, encourages
or before 5 p.m. eastern standard time representatives of communities that applications from qualified candidates
on February 29, 2016. have been significantly impacted by from these groups. The Bureau also has
FOR FURTHER INFORMATION CONTACT: higher-priced mortgage loans, and seek a special interest in establishing a Board
Requests for additional information representation of the interests of that is represented by a diversity of
should be directed to Julian Alcazar, covered persons and consumers, viewpoints and constituencies, and
Outreach and Engagement Associate, without regard to party affiliation.’’ The therefore encourages applications from
Consumer Financial Protection Bureau, determinants of ‘‘expertise’’ shall qualified candidates who:
(202) 435–9885. depend, in part, on the constituency,
interests, or industry sector the nominee 1. Represent the United States’
SUPPLEMENTARY INFORMATION: geographic diversity; and
seeks to represent, and where
I. Background appropriate, shall include significant 2. Represent the interests of special
The Bureau is charged with regulating experience as a direct service provider populations identified in the Dodd-
‘‘the offering and provision of consumer to consumers. Frank Act, including service members,
Pursuant to section 5 of the older Americans, students, and
financial products or services under the
Community Bank Advisory Council traditionally underserved consumers
Federal consumer financial laws,’’ so as
Charter, in appointing members to the and communities.
to ensure that ‘‘all consumers have
Council the Director shall seek to
access to markets for consumer financial assemble experts in consumer IV. Application Procedures
products and services and that markets protection, financial services,
for consumer financial products and community development, fair lending Any interested person may apply for
services are fair, transparent, and and civil rights, and consumer financial membership on the Board or Council.
competitive.’’ Pursuant to section products or services and representatives A complete application packet must
1021(c) of the Wall Street Reform and of community banks that primarily
Consumer Protection Act, Public Law include:
serve underserved communities, and
111–203, Dodd-Frank Act, the Bureau’s 1. A recommendation letter from a
representatives of communities that
primary functions are: have been significantly impacted by third party describing the applicant’s
1. Conducting financial education higher-priced mortgage loans, and shall interests and qualifications to serve on
programs; strive to have diversity in terms of the Board or Council;
2. Collecting, investigating, and points of view. Only current bank or 2. A complete résumé or curriculum
responding to consumer complaints; thrift employees (CEOs, compliance vitae for the applicant; and
3. Collecting, researching, monitoring, officers, government relations officials,
and publishing information relevant to 3. A one-page cover letter, which
etc.) will be considered for membership. summarizes the applicant’s expertise
the function of markets for consumer Membership is limited to employees of
financial products and services to and provides reason(s) why he or she
banks and thrifts with total assets of $10
identify risks to consumers and the would like to join the Board or Council.
billion or less that are not affiliates of
proper functioning of such markets; depository institutions or credit unions 4. A complete application. https://
4. Supervising persons covered under with total assets of more than $10 consumer-financial-protection-
the Dodd-Frank Act for compliance with billion. bureau.forms.fm/application-to-serve-
Federal consumer financial law, and Pursuant to section 12 of the Credit on-advisory-board-body-panel-
taking appropriate enforcement action Union Advisory Council Charter, in committee-or-group.
to address violations of Federal appointing members to the Council the
consumer financial law; To evaluate potential sources of
Director shall seek to assemble experts
5. Issuing rules, orders, and guidance conflicts of interest, the Bureau will ask
in consumer protection, financial
implementing Federal consumer services, community development, fair potential candidates to provide
financial law; and lending and civil rights, and consumer information related to financial holdings
6. Performing such support activities financial products or services and and/or professional affiliations, and to
as may be needed or useful to facilitate representatives of credit unions that allow the Bureau to perform a
the other functions of the Bureau. primarily serve underserved background check. The Bureau will not
As described in more detail below, communities, and representatives of review applications and will not answer
section 1014 of the Dodd-Frank Act communities that have been questions from internal or external
calls for the Director of the Bureau to significantly impacted by higher-priced parties regarding applications until the
establish a Consumer Advisory Board to mortgage loans, and shall strive to have application period has closed.
advise and consult with the Bureau diversity in terms of points of view. The Bureau will not entertain
regarding its functions, and to provide Only current credit union employees applications of federally registered
information on emerging trends and (CEOs, compliance officers, government lobbyists for a position on the Board and
practices in the consumer financial relations officials, etc.) will be
Councils.
markets. considered for membership.
Membership is limited to employees of Only complete applications will be
III. Qualifications given consideration for review of
credit unions with total assets of $10
Pursuant to section 1014(b) of the billion or less that are not affiliates of membership on the Board and Councils.
mstockstill on DSK4VPTVN1PROD with NOTICES

Dodd-Frank Act, in appointing members depository institutions or credit unions Dated: January 7, 2016.
to the Board, ‘‘the Director shall seek to with total assets of more than $10 Christopher D’Angelo,
assemble experts in consumer billion.
protection, financial services, The Bureau has a special interest in Chief of Staff, Bureau of Consumer Financial
community development, fair lending ensuring that the perspectives of women Protection.
and civil rights, and consumer financial and men, all racial and ethnic groups, [FR Doc. 2016–00548 Filed 1–14–16; 8:45 am]
products or services and representatives and individuals with disabilities are BILLING CODE 4810–AM–P
of depository institutions that primarily adequately represented on the Board

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Document Created: 2018-02-02 12:32:10
Document Modified: 2018-02-02 12:32:10

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Complete application packets received on or before February 29, 2016, will be given consideration for membership on the Board and Councils.
Contact		Requests for additional information should be directed to Julian Alcazar, Outreach and Engagement Associate, Consumer Financial Protection Bureau, (202) 435-9885.
FR Citation		81 FR 2200