82 FR 11439 - Establishment of Community Banker Advisory Council

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 82, Issue 35 (February 23, 2017)

Page Range		11439-11439
FR Document		2017-03493

The Consumer Financial Protection Bureau (``Bureau''), after consultation with the Committee Management Secretariat of the General Services Administration, will establish the Community Banker Advisory Council (``the Advisory Council'') no less than 15 days from the effective date of this notice. The Advisory Council was established to consult with the Bureau in the exercise of its functions under the federal consumer financial laws as they pertain to community banks with total assets of $10 billion or less.

Federal Register, Volume 82 Issue 35 (Thursday, February 23, 2017)

[Federal Register Volume 82, Number 35 (Thursday, February 23, 2017)]
[Notices]
[Page 11439]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03493]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Establishment of Community Banker Advisory Council

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice.

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SUMMARY: The Consumer Financial Protection Bureau (``Bureau''), after 
consultation with the Committee Management Secretariat of the General 
Services Administration, will establish the Community Banker Advisory 
Council (``the Advisory Council'') no less than 15 days from the 
effective date of this notice. The Advisory Council was established to 
consult with the Bureau in the exercise of its functions under the 
federal consumer financial laws as they pertain to community banks with 
total assets of $10 billion or less.

FOR FURTHER INFORMATION CONTACT: Delicia Hand, Staff Director, Advisory 
Board and Councils Office, External Affairs, Consumer Financial 
Protection Bureau, 1275 First Street NE., Washington, DC 20002; 
Telephone: (202) 435-9348; email: [email protected].

SUPPLEMENTARY INFORMATION: In accordance with the provisions of the 
Federal Advisory Committee Act (``FACA'') (5 U.S.C. App.), the Consumer 
Financial Protection Bureau (``the Bureau'') hereby gives notice of re-
establishment of the Community Banker Advisory Council. In December of 
2015, language included in the 2016 Omnibus spending bill amended the 
Consumer Financial Protection Act to clarify the applicability of the 
FACA to the Bureau. The Advisory Council is a continuing committee 
being re-established for the purposes of compliance with FACA and 
applicable statutes.
    This committee is being established no less than 15 days after the 
publication of this notice by filing a charter with the Director of the 
Bureau and with the Committee Management Secretariat of the General 
Services Administration, and furnishing the charter to the Library of 
Congress and the Committee on Banking, Housing, and Urban Affairs of 
the United States Senate and the Committee on Financial Services of the 
United States House of Representatives. The charter will also be posted 
on the Bureau's Web site at www.consumerfinance.gov. This charter will 
expire two years after the filing date unless renewed by appropriate 
action.
    The Advisory Council shall advise the Bureau in its exercise of its 
functions under the Federal consumer financial laws as they pertain to 
banks or thrifts with total assets of $10 billion or less. To carry out 
the Advisory Council's purpose, the scope of its activities shall 
include providing information and analysis in support of 
recommendations to the Bureau. The output of Advisory Council meetings 
should serve to better inform the CFPB's policy development, 
rulemaking, and engagement functions as they relate to community 
banking institutions.
    The duties of the Advisory Council are solely advisory and shall 
extend only to the submission of advice and recommendations to the 
Bureau relating to the activities and operations of community banks, 
which shall be non-binding on the Bureau. No determination of fact or 
policy will be made by the Advisory Council, and the Advisory Council 
will have no formal decision-making role and no access to confidential 
supervisory or other confidential information.
    In appointing members to the Advisory Council, the Director shall 
seek to assemble members with diverse points of view, institution asset 
sizes, and geographical backgrounds. Only 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. The Advisory Council will consist of 
approximately 15 to 20 members. Equal opportunity practices in 
accordance with the Consumer Financial Protection Bureau (``Bureau'') 
policies shall be followed in all appointments to the Advisory Council.

    Dated: January 20, 2017.
Leandra English,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2017-03493 Filed 2-22-17; 8:45 am]
BILLING CODE 4810-AM-P

Federal Register / Vol. 82, No. 35 / Thursday, February 23, 2017 / Notices 11439

the United States Senate and the without regard to party affiliation.’’ Secretariat of the General Services
Committee on Financial Services of the Equal opportunity practices in Administration, and furnishing the
United States House of Representatives. accordance with the Consumer charter to the Library of Congress and
The charter will also be posted on the Financial Protection Bureau (‘‘Bureau’’) the Committee on Banking, Housing,
Bureau’s Web site at policies shall be followed in all and Urban Affairs of the United States
www.consumerfinance.gov. This charter appointments to the Board. Senate and the Committee on Financial
will expire two years after the filing date Dated: January 20, 2017. Services of the United States House of
unless renewed by appropriate action. Representatives. The charter will also be
Leandra English,
The Board’s purpose is outlined in posted on the Bureau’s Web site at
section 1014(a) of the Dodd-Frank Wall Chief of Staff, Bureau of Consumer Financial
Protection.
www.consumerfinance.gov. This charter
Street Reform and Consumer Protection will expire two years after the filing date
Act (‘‘Dodd-Frank Act), which states [FR Doc. 2017–03492 Filed 2–22–17; 8:45 am]
unless renewed by appropriate action.
that the Board shall ‘‘advise and consult BILLING CODE 4810–AM–P
The Advisory Council shall advise the
with the Bureau in the exercise of its Bureau in its exercise of its functions
functions under the Federal consumer under the Federal consumer financial
financial laws’’ and ‘‘provide BUREAU OF CONSUMER FINANCIAL
PROTECTION laws as they pertain to banks or thrifts
information on emerging practices in with total assets of $10 billion or less.
the consumer financial products or To carry out the Advisory Council’s
Establishment of Community Banker
services industry, including regional purpose, the scope of its activities shall
Advisory Council
trends, concerns, and other relevant
include providing information and
information.’’ AGENCY: Bureau of Consumer Financial analysis in support of recommendations
To carry out the Board’s purpose, the Protection.
scope of its activities shall include to the Bureau. The output of Advisory
ACTION: Notice. Council meetings should serve to better
providing information, analysis, and
recommendations to the Bureau. The inform the CFPB’s policy development,
SUMMARY: The Consumer Financial
Board will generally serve as a vehicle rulemaking, and engagement functions
Protection Bureau (‘‘Bureau’’), after
for market intelligence and expertise for as they relate to community banking
consultation with the Committee
the Bureau. Its objectives will include institutions.
Management Secretariat of the General
identifying and assessing the impact on Services Administration, will establish The duties of the Advisory Council
consumers and other market the Community Banker Advisory are solely advisory and shall extend
participants of new, emerging, and Council (‘‘the Advisory Council’’) no only to the submission of advice and
changing products, practices, or less than 15 days from the effective date recommendations to the Bureau relating
services. The duties of the Board are of this notice. The Advisory Council to the activities and operations of
solely advisory and shall extend only to was established to consult with the community banks, which shall be non-
the submission of advice and Bureau in the exercise of its functions binding on the Bureau. No
recommendations to the Bureau, which under the federal consumer financial determination of fact or policy will be
shall be non-binding on the Bureau. No laws as they pertain to community made by the Advisory Council, and the
determination of fact or policy will be banks with total assets of $10 billion or Advisory Council will have no formal
made by the Board, and the Board will less. decision-making role and no access to
have no formal decision-making role FOR FURTHER INFORMATION CONTACT:
confidential supervisory or other
and no access to confidential Delicia Hand, Staff Director, Advisory confidential information.
supervisory or other confidential Board and Councils Office, External In appointing members to the
information. Affairs, Consumer Financial Protection Advisory Council, the Director shall
The Board shall consist of no fewer seek to assemble members with diverse
Bureau, 1275 First Street NE.,
than approximately16 members points of view, institution asset sizes,
Washington, DC 20002; Telephone:
including at least six members and geographical backgrounds. Only
(202) 435–9348; email: Delicia.hand@
appointed upon the recommendation of bank or thrift employees (CEOs,
cfpb.gov.
the regional Federal Reserve Bank compliance officers, government
Presidents on a rotating basis, and shall SUPPLEMENTARY INFORMATION: In relations officials, etc.) will be
be chosen to ensure a fairly balanced accordance with the provisions of the considered for membership.
membership. In accordance with the Federal Advisory Committee Act Membership is limited to employees of
Dodd-Frank Act, ‘‘in appointing the (‘‘FACA’’) (5 U.S.C. App.), the banks and thrifts with total assets of $10
members of the Consumer Advisory Consumer Financial Protection Bureau billion or less that are not affiliates of
Board, the Director shall seek to (‘‘the Bureau’’) hereby gives notice of re- depository institutions or credit unions
assemble experts in: Consumer establishment of the Community Banker with total assets of more than $10
protection, financial services, Advisory Council. In December of 2015, billion. The Advisory Council will
community development, fair lending language included in the 2016 Omnibus consist of approximately 15 to 20
and civil rights, and consumer financial spending bill amended the Consumer members. Equal opportunity practices
products or services and representatives Financial Protection Act to clarify the in accordance with the Consumer
of depository institutions that primarily applicability of the FACA to the Bureau. Financial Protection Bureau (‘‘Bureau’’)
serve underserved communities, and The Advisory Council is a continuing policies shall be followed in all
representatives of depository committee being re-established for the appointments to the Advisory Council.
rmajette on DSK2TPTVN1PROD with NOTICES

institutions that primarily serve purposes of compliance with FACA and
underserved communities, and applicable statutes. Dated: January 20, 2017.
representatives of communities that This committee is being established Leandra English,
have been significantly impacted by no less than 15 days after the Chief of Staff, Bureau of Consumer Financial
higher-priced mortgage loans, and seek publication of this notice by filing a Protection.
representation of the interests of charter with the Director of the Bureau [FR Doc. 2017–03493 Filed 2–22–17; 8:45 am]
covered persons and consumers, and with the Committee Management BILLING CODE 4810–AM–P

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Document Created: 2017-02-23 02:10:41
Document Modified: 2017-02-23 02:10:41

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.
Contact		Delicia Hand, Staff Director, Advisory Board and Councils Office, External Affairs, Consumer Financial Protection Bureau, 1275 First Street NE., Washington, DC 20002; Telephone: (202) 435-9348; email: [email protected]
FR Citation		82 FR 11439