WASHINGTON – The Consumer Financial Protection Bureau has extended the application deadline for its Credit Union Advisory Council (CUAC) and Consumer Advisory Board (CAB) through March 8. According to the bureau, the extension is as a result of a Web outage affecting file uploads and downloads.
These bodies advise and consult the CFPB regarding its functions, and provide information on emerging trends and practices in the consumer financial market.
According to the bureau, it is inviting CUAC applications particularly from current employees of credit unions with total assets of $10 billion or less.
For CAB, it is seeking the following membership criteria:
- Experts in consumer protection, community development, consumer finance, fair lending, and civil rights;
- Experts in consumer financial products or services;
- Representatives of banks that primarily serve underserved communities; and
- Representatives of communities that have been significantly impacted by higher priced mortgage loans.
It is also interested in applicants with expertise in one or more of the following areas:
- Payday and auto loans;
- Overdraft and deposits;
- Mortgage origination compliance,
- Credit reporting,
- Cards and payments;
- Financial education;
- Debt collection;
- Mortgages for underserved populations, and niche products; and
- Underserved populations, financial technologies and consumer protection.
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