WASHINGTON–The CFPB is seeking members for its Credit Union Advisory Committee, along with its Consumer Advisory Board, the Community Bank Advisory Council and the Academic Research Council.
“These advisory committees provide the CFPB with information about emerging trends and practices in the consumer financial marketplace,” the Bureau said. “They also allow us to hear directly from small financial institutions.”
Starting July 3, the CFPB said it will be accepting applications for membership on all four of our advisory committees.
“We’re inviting applications from individuals who can provide us with insight and advice as we carry out our work,” the CFPB stated.
Who’s Being Sought
According to the Bureau, the kinds of applicants it is seeking include:
- 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
To apply, the CFPB is directing those interested to the Apply to serve on the advisory committees page where they can follow the instructions to submit a complete packet including:
- Cover letter explaining interests and qualifications
- Résumé or curriculum vitae
- Recommendation letter(s) from a third party describing the interests and qualifications to serve
Only complete application packets received on or before July 16, 2023, will be given consideration for membership on the advisory committees.
For additional information, visit the Advisory Committees page.