81 FR 95571 - Consumer Advisory Board and Councils Solicitation of Applications for Membership

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 81, Issue 249 (December 28, 2016)

Page Range		95571-95572
FR Document		2016-31396

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 2017.

Federal Register, Volume 81 Issue 249 (Wednesday, December 28, 2016)

[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)]
[Notices]
[Pages 95571-95572]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-31396]


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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 2017.

DATES: The application will be available on January 16, 2017 here: 
https://goo.gl/u23ClY. Complete application packets received on or 
before March 1, 2017, 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 Specialist, 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://goo.gl/u23ClY. We strongly 
encourage electronic submissions.
    Mail:
     Julian Alcazar, Outreach and Engagement Specialist, 
Consumer Financial Protection Bureau, 1700 G Street NW., Washington, DC 
20552. Submissions must be postmarked on or before March 1, 2017.
     Hand Delivery/Courier in Lieu of Mail: Julian Alcazar, 
Outreach and Engagement Specialist, Consumer Financial Protection 
Bureau, 1275 First Street NE., 1223-C, Washington, DC 20002. 
Submissions must be received on or before 5 p.m. eastern standard time 
on March 1, 2017.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Julian Alcazar, Outreach and Engagement 
Specialist, 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

[[Page 95572]]

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.

II. 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.

III. 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://goo.gl/u23ClY.
    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: December 20, 2016.
Elizabeth Corbett,
Acting Chief of Staff, Bureau of Consumer Financial Protection
[FR Doc. 2016-31396 Filed 12-27-16; 8:45 am]
 BILLING CODE 4810-AM-P

Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices 95571

DEPARTMENT OF COMMERCE alternatives for the Committee to the purpose of the Board and Councils.
consider as well as address other The Bureau expects to announce the
National Oceanic and Atmospheric business, as necessary. selection of new members in August
Administration Although non-emergency issues not 2017.
RIN 0648–XF111 contained in this agenda may come DATES: The application will be available
before this group for discussion, those on January 16, 2017 here: https://goo.gl/
New England Fishery Management issues may not be the subject of formal u23ClY. Complete application packets
Council; Public Meeting action during this meeting. Action will received on or before March 1, 2017,
be restricted to those issues specifically will be given consideration for
AGENCY: National Marine Fisheries listed in this notice and any issues
Service (NMFS), National Oceanic and membership on the Board and Councils.
arising after publication of this notice
Atmospheric Administration (NOAA), ADDRESSES: If electronic submission is
that require emergency action under
Commerce. not feasible, the completed application
section 305(c) of the Magnuson-Stevens
ACTION: Notice; public meeting.
packet can be mailed to Julian Alcazar,
Act, provided the public has been
Outreach and Engagement Specialist,
notified of the Council’s intent to take
SUMMARY: The New England Fishery Consumer Financial Protection Bureau,
final action to address the emergency.
Management Council (Council) is 1700 G Street NW., Washington, DC
scheduling a public meeting of its Special Accommodations 20552.
Herring Committee to consider actions All applications for membership on
This meeting is physically accessible
affecting New England fisheries in the the Board and Councils should be sent:
to people with disabilities. Requests for
exclusive economic zone (EEZ). • Electronically: https://goo.gl/
sign language interpretation or other
Recommendations from this group will u23ClY. We strongly encourage
auxiliary aids should be directed to
be brought to the full Council for formal electronic submissions.
Thomas A. Nies, Executive Director, at Mail:
consideration and action, if appropriate. (978) 465–0492, at least 5 days prior to • Julian Alcazar, Outreach and
DATES: This meeting will be held on the meeting date. Engagement Specialist, Consumer
Wednesday, January 11, 2017 at 9 a.m. Authority: 16 U.S.C. 1801 et seq. Financial Protection Bureau, 1700 G
ADDRESSES: The meeting will be held at Street NW., Washington, DC 20552.
Dated: December 22, 2016.
the Four Points by Sheraton, 1 Audubon Submissions must be postmarked on or
Road, Wakefield, MA 01880; telephone: Tracey L. Thompson,
Acting Deputy Director, Office of Sustainable
before March 1, 2017.
(781) 245–9300.
Fisheries, National Marine Fisheries Service. • Hand Delivery/Courier in Lieu of
Council address: New England Mail: Julian Alcazar, Outreach and
Fishery Management Council, 50 Water [FR Doc. 2016–31325 Filed 12–27–16; 8:45 am]
Engagement Specialist, Consumer
Street, Mill 2, Newburyport, MA 01950. BILLING CODE 3510–22–P
Financial Protection Bureau, 1275 First
FOR FURTHER INFORMATION CONTACT: Street NE., 1223–C, Washington, DC
Thomas A. Nies, Executive Director, 20002. Submissions must be received on
New England Fishery Management BUREAU OF CONSUMER FINANCIAL or before 5 p.m. eastern standard time
Council; telephone: (978) 465–0492. PROTECTION on March 1, 2017.
SUPPLEMENTARY INFORMATION: Consumer Advisory Board and FOR FURTHER INFORMATION CONTACT:
Councils Solicitation of Applications Requests for additional information
Agenda
for Membership should be directed to Julian Alcazar,
The Herring Committee will review Outreach and Engagement Specialist,
alternatives and analyses prepared for AGENCY: Bureau of Consumer Financial Consumer Financial Protection Bureau,
Framework Adjustment 5 to the Atlantic Protection. (202) 435–9885.
Herring Fishery Management Plan ACTION: Notice. SUPPLEMENTARY INFORMATION:
(FMP), an action considering
modification of accountability measures SUMMARY: Pursuant to the authorities I. Background
(AMs) that trigger if the sub-ACL of given to the Director of the Consumer The Bureau is charged with regulating
Georges Bank haddock is exceeded by Financial Protection Bureau (Bureau) ‘‘the offering and provision of consumer
the midwater trawl herring fishery. The under the Wall Street Reform and financial products or services under the
committee may recommend preferred Consumer Protection Act (Dodd-Frank Federal consumer financial laws,’’ so as
alternatives for the Council to consider Act) Director Richard Cordray invites to ensure that ‘‘all consumers have
for final action. The committee will the public to apply for membership for access to markets for consumer financial
review preliminary outcomes from the appointment to its Consumer Advisory products and services and that markets
recent workshop held in December on Board (Board), Community Bank for consumer financial products and
Management Strategy Evaluation of Advisory Council, and Credit Union services are fair, transparent, and
Atlantic Herring Acceptable Biological Advisory Council (collectively, competitive.’’ Pursuant to section
Catch control rules being considered in Advisory Councils). Membership of the 1021(c) of the Wall Street Reform and
Amendment 8 to the Atlantic Herring Board and Councils includes Consumer Protection Act, Public Law
FMP. The committee may recommend a representatives of consumers, 111–203, Dodd-Frank Act, the Bureau’s
range of alternatives for the Committee communities, the financial services primary functions are:
to consider including in Amendment 8 industry and academics. Appointments
sradovich on DSK3GMQ082PROD with NOTICES

1. Conducting financial education
related to harvest control rule to the Board are typically for three years programs;
alternatives. The committee will also and appointments to the Councils are 2. Collecting, investigating, and
review public comments on the herring typically for two years. However, the responding to consumer complaints;
related measures being considered in Director may amend the respective 3. Collecting, researching, monitoring,
the Omnibus Industry Funded Board and Council charters from time to and publishing information relevant to
Monitoring (IFM) Amendment. The time during the charter terms, as the the function of markets for consumer
committee may recommend preferred Director deems necessary to accomplish financial products and services to

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95572 Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices

identify risks to consumers and the billion or less that are not affiliates of To evaluate potential sources of
proper functioning of such markets; depository institutions or credit unions conflicts of interest, the Bureau will ask
4. Supervising persons covered under with total assets of more than $10 potential candidates to provide
the Dodd-Frank Act for compliance with billion. information related to financial holdings
Federal consumer financial law, and Pursuant to section 12 of the Credit and/or professional affiliations, and to
taking appropriate enforcement action Union Advisory Council Charter, in allow the Bureau to perform a
to address violations of Federal appointing members to the Council the background check. The Bureau will not
consumer financial law; Director shall seek to assemble experts review applications and will not answer
5. Issuing rules, orders, and guidance in consumer protection, financial questions from internal or external
implementing Federal consumer services, community development, fair parties regarding applications until the
financial law; and lending and civil rights, and consumer application period has closed.
6. Performing such support activities financial products or services and The Bureau will not entertain
as may be needed or useful to facilitate representatives of credit unions that applications of federally registered
the other functions of the Bureau. primarily serve underserved lobbyists for a position on the Board and
As described in more detail below, communities, and representatives of Councils.
section 1014 of the Dodd-Frank Act Only complete applications will be
communities that have been
calls for the Director of the Bureau to given consideration for review of
significantly impacted by higher-priced
establish a Consumer Advisory Board to membership on the Board and Councils.
mortgage loans, and shall strive to have
advise and consult with the Bureau
diversity in terms of points of view. Dated: December 20, 2016.
regarding its functions, and to provide
Only current credit union employees Elizabeth Corbett,
information on emerging trends and
(CEOs, compliance officers, government Acting Chief of Staff, Bureau of Consumer
practices in the consumer financial
relations officials, etc.) will be Financial Protection
markets.
considered for membership. [FR Doc. 2016–31396 Filed 12–27–16; 8:45 am]
II. Qualifications Membership is limited to employees of
BILLING CODE 4810–AM–P
Pursuant to section 1014(b) of the credit unions with total assets of $10
Dodd-Frank Act, in appointing members billion or less that are not affiliates of
to the Board, ‘‘the Director shall seek to depository institutions or credit unions
COURT SERVICES AND OFFENDER
assemble experts in consumer with total assets of more than $10
SUPERVISION AGENCY FOR THE
protection, financial services, billion.
DISTRICT OF COLUMBIA
community development, fair lending The Bureau has a special interest in
and civil rights, and consumer financial ensuring that the perspectives of women SES Performance Review Board
products or services and representatives and men, all racial and ethnic groups,
of depository institutions that primarily and individuals with disabilities are AGENCY: Court Services and Offender
serve underserved communities, and adequately represented on the Board Supervision Agency for the District of
representatives of communities that and Councils, and therefore, encourages Columbia.
have been significantly impacted by applications from qualified candidates ACTION: Notice.
higher-priced mortgage loans, and seek from these groups. The Bureau also has
a special interest in establishing a Board SUMMARY: Notice is hereby given of the
representation of the interests of
that is represented by a diversity of appointment of new members to the
covered persons and consumers,
viewpoints and constituencies, and Court Services and Offender
without regard to party affiliation.’’ The
therefore encourages applications from Supervision Agency (CSOSA) and the
determinants of ‘‘expertise’’ shall
qualified candidates who: Pretrial Services Agency for the District
depend, in part, on the constituency,
1. Represent the United States’ of Columbia (PSA), Senior Executive
interests, or industry sector the nominee
geographic diversity; and Service Performance Review Board. PSA
seeks to represent, and where
2. Represent the interests of special is an independent agency within
appropriate, shall include significant
populations identified in the Dodd- CSOSA. The Performance Review Board
experience as a direct service provider
Frank Act, including service members, assures consistency, stability, and
to consumers.
Pursuant to section 5 of the older Americans, students, and objectivity in the appraisal process.
Community Bank Advisory Council traditionally underserved consumers DATES: Effective: January 2, 2017
Charter, in appointing members to the and communities. FOR FURTHER INFORMATION CONTACT:
Council the Director shall seek to William Layne, Assistant Director
III. Application Procedures Human Capital Planning and Executive
assemble experts in consumer
protection, financial services, Any interested person may apply for Resources, Court Services and Offender
community development, fair lending membership on the Board or Council. Supervision Agency, 800 North Capitol
and civil rights, and consumer financial A complete application packet must Street NW., Suite 700, Washington, DC
products or services and representatives include: 20005, (202) 220–5637.
of community banks that primarily 1. A recommendation letter from a SUPPLEMENTARY INFORMATION: Section
serve underserved communities, and third party describing the applicant’s 4314(c)(1) through (5) of Title 5 of the
representatives of communities that interests and qualifications to serve on United States Code, requires each
have been significantly impacted by the Board or Council; agency to establish, in accordance with
higher-priced mortgage loans, and shall 2. A complete résumé or curriculum regulations prescribed by the Office of
sradovich on DSK3GMQ082PROD with NOTICES

strive to have diversity in terms of vitae for the applicant; and Personnel Management, one or more
points of view. Only current bank or 3. A one-page cover letter, which SES performance review boards. Section
thrift employees (CEOs, compliance summarizes the applicant’s expertise 4314(c)(4) of Title 5 requires that notice
officers, government relations officials, and provides reason(s) why he or she of appointment of board members be
etc.) will be considered for membership. would like to join the Board or Council. published in the Federal Register. The
Membership is limited to employees of 4. A complete application. https:// Performance Review Board is
banks and thrifts with total assets of $10 goo.gl/u23ClY. responsible for making

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Document Created: 2016-12-28 02:17:03
Document Modified: 2016-12-28 02:17:03

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		The application will be available on January 16, 2017 here: https://goo.gl/u23ClY. Complete application packets received on or before March 1, 2017, 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 Specialist, Consumer Financial Protection Bureau, (202) 435-9885.
FR Citation		81 FR 95571