The Consumer Financial Protection Bureau’s advisory committees comprise a wide range of experts and stakeholders who provide input to the Director on a variety of consumer financial issues, as well as on the Bureau’s strategic research planning process and agenda. The advisory committees also allow us to hear directly from small financial institutions. Members of the advisory committees are typically:
- 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 (experienced economists with a strong research and publishing or practitioner background, and a record of involvement in research and public policy, including public or academic service)
Beginning January 13, 2020, the Bureau is accepting applications for all four of the advisory committees. Only complete applications received by end of day on March 5, 2020, will be given consideration for review of membership.
The Bureau does not accept applications from federally registered lobbyists or current elected officials for a position on the advisory committees.
In considering membership to any advisory committee, the Bureau will look to statutory guidelines in the case of the Consumer Advisory Board (CAB) and Charter language in the cases of the Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and the Academic Research Council (ARC). Additionally, the Bureau will consider its priorities and mission as outlined in its Unified Agenda and its strategic plan in selecting members of the CAB, CBAC, CUAC, and ARC.
New members of the advisory committees will serve two-year terms. Committee members are not compensated; however, they do receive reimbursement for travel, lodging, and other expenses.
A complete packet must include:
A cover letter explaining interest and qualifications
A recommendation letter from a third-party describing interests and qualifications to serve on an advisory committee
If you require a reasonable accommodation to complete the questionnaire, please contact CFPB_BoardandCouncilApps@cfpb.gov.