82 FR 17002 - Community Bank Advisory Council Meeting

BUREAU OF CONSUMER FINANCIAL PROTECTION

Federal Register Volume 82, Issue 66 (April 7, 2017)

This notice sets forth the announcement of a public meeting of the Community Bank Advisory Council (CBAC or Council) of the Consumer Financial Protection Bureau (Bureau or CFPB). The notice also describes the functions of the Council. Notice of the meeting is permitted by section 9 of the CBAC Charter and is intended to notify the public of this meeting.

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17002-17003]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06996]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Community Bank Advisory Council Meeting

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice of public meeting.

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SUMMARY: This notice sets forth the announcement of a public meeting of 
the Community Bank Advisory Council (CBAC or Council) of the Consumer 
Financial Protection Bureau (Bureau or CFPB). The notice also describes 
the functions of the Council. Notice of the meeting is permitted by 
section 9 of the CBAC Charter and is intended to notify the public of 
this meeting.

DATES: The meeting date is Tuesday, April 25, 2017, 3:00 p.m. to 5:00 
p.m. eastern daylight time.

ADDRESSES: The meeting location is the Consumer Financial Protection 
Bureau, 1275 First Street NE., Washington, DC 20002.

FOR FURTHER INFORMATION CONTACT: Crystal Dully, Outreach and Engagement 
Associate, 202-435-9588, [email protected], Consumer 
Advisory Board and Councils Office, External Affairs, 1275 First Street 
NE., Washington, DC 20002.

SUPPLEMENTARY INFORMATION:

I. Background

    Section 9(d) of the CBAC Charter states:

    (1) Each meeting of the Council shall be open to public 
observation, to the extent that a facility is available to 
accommodate the public, unless the Bureau, in accordance with 
paragraph (4) of this section, determines that the meeting shall be 
closed. The Bureau also will make reasonable efforts to make the 
meetings available to the public through live recording. (2) Notice 
of the time, place and purpose of each meeting, as well as a summary 
of the proposed agenda, shall be published in the Federal Register 
not more than 45 or less than 15 days prior to the scheduled meeting 
date. Shorter notice may be given when the Bureau determines that 
the Council's business so requires; in such event, the public will 
be given notice at the earliest practicable time. (3) Minutes of 
meetings, records, reports, studies, and agenda of the Council shall 
be posted on the Bureau's Web site (www.consumerfinance.gov). (4) 
The Bureau

[[Page 17003]]

may close to the public a portion of any meeting, for confidential 
discussion. If the Bureau closes a meeting or any portion of a 
meeting, the Bureau will issue, at least annually, a summary of the 
Council's activities during such closed meetings or portions of 
meetings.

    Section 2 of the CBAC Charter provides: ``Pursuant to the executive 
and administrative powers conferred on the Bureau by section 1012 of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-
Frank Act), the Director established the Community Bank Advisory 
Council 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.''
    Section 3 of the CBAC Charter states: ``(a) The CFPB supervises 
depository institutions and credit unions with total assets of more 
than $10 billion and their respective affiliates, but other than the 
limited authority conferred by Sec.  1026 of the Dodd-Frank Act, the 
CFPB does not have supervisory authority regarding credit unions and 
depository institutions with total assets of $10 billion or less. As a 
result, the CFPB does not have regular contact with these institutions, 
and it would therefore be beneficial to create a mechanism to ensure 
that their unique perspectives are shared with the Bureau. Small 
Business Regulatory Enforcement Fairness Act (SBREFA) panels provide 
one avenue to gather this input, but participants from community banks 
must possess no more than $175 million in assets, which precludes the 
participation of many. (b) The Advisory Council shall fill this gap by 
providing an interactive dialogue and exchange of ideas and experiences 
between community bankers and Bureau staff. (c) The Advisory Council 
shall advise generally on the Bureau's regulation of consumer financial 
products or services and other topics assigned to it by the Director. 
To carry out the Advisory Council's purpose, the scope of its 
activities shall include providing information, analysis, and 
recommendations to the Bureau. The output of Advisory Council meetings 
should serve to better inform the CFPB's policy development, 
rulemaking, and engagement functions.''

II. Agenda

    The Community Bank Advisory Council will discuss alternative data 
and consumer access to financial records.
    Persons who need a reasonable accommodation to participate should 
contact [email protected], 202-435-9EEO, 1-855-233-0362, or 202-
435-9742 (TTY) at least ten business days prior to the meeting or event 
to request assistance. The request must identify the date, time, 
location, and title of the meeting or event, the nature of the 
assistance requested, and contact information for the requester. CFPB 
will strive to provide, but cannot guarantee that accommodation will be 
provided for late requests.
    Individuals who wish to attend the Community Bank Advisory Council 
meeting must RSVP to [email protected] by noon, 
Monday, April 24, 2017. Members of the public must RSVP by the due date 
and must include ``CBAC'' in the subject line of the RSVP.

III. Availability

    The Council's agenda will be made available to the public on 
Monday, April 10, 2017, via consumerfinance.gov. Individuals should 
express in their RSVP if they require a paper copy of the agenda.
    A recording and transcript of this meeting will be available after 
the meeting on the CFPB's Web site consumerfinance.gov.

    Dated: April 3, 2017.
Leandra English,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2017-06996 Filed 4-6-17; 8:45 am]
 BILLING CODE 4810-AM-P