Whether we’re writing regulations, redesigning forms so they are easier to understand, or following new trends in consumer finance, we count on stakeholders for advice and insight. In addition to our day-to-day work of gathering information, we also convene four independent groups for formal input on everything from consumer engagement, to policy development, to research.
Consumer Advisory Board
The Consumer Advisory Board is a crowdsourced group of experts on consumer protection, consumer financial products or services, community development, fair lending, civil rights, underserved communities, and communities that have been significantly impacted by higher priced mortgage loans. They are charged with identifying and assessing the impact of emerging products, practices, or services on consumers and other market participants.
Academic Research Council
The Academic Research Council advises us on our strategic research planning process and research agenda, including views on the research that the Bureau should conduct relating to consumer financial products or services, consumer behavior, cost-benefit analysis, or other topics to enable the agency to further its statutory purposes and objectives. Members also provide the Office of Research with technical advice and feedback on research methodologies, data collection strategies, and methods of analysis, including methodologies and strategies for quantifying the costs and benefits of regulatory actions.
Community Bank Advisory Council
The Community Bank Advisory Council advises us on regulating consumer financial products or services, offering the unique perspectives of community banks. They share information, analysis, and recommendations to better inform our policy development, rulemaking, and engagement work.
Credit Union Advisory Council
The Credit Union Advisory Council advises us on regulating consumer financial products or services, offering the unique perspectives of credit unions. They share information, analysis, and recommendations to better inform our policy development, rulemaking, and engagement work.