The House is set to vote on a bill that would require the CFPB to establish a Small Business Advisory Board and codify the agency's Credit Union Advisory Council.
If the bill became law, the CFPB director would have to appoint no fewer than 15 and no more than 20 members to the Credit Union Advisory Council.
"The director is encouraged to ensure the participation of credit unions predominantly serving traditionally underserved communities and populations and their interests, without regard to party affiliation," the bill, named the Bureau of Consumer Financial Protection Advisory Boards Act, read.
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