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Credit Union Advisory Council Coming Back to CFPB

After disbanding the council earlier this year, plans of the reformation are expected to be announced soon.

Consumer Financial Protection Bureau building in Washington, D.C. Photo by Diego M. Radzinschi

The CFPB is in the process of selecting new members of its Credit Union Advisory Council and will announce the panel’s membership later this summer, an agency spokesperson said Tuesday.

In June, Acting CFPB Director Mick Mulvaney disbanded the council, as well as a citizens advisory group and a community bank committee. The citizens panel is required under the Dodd-Frank Act.

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David Baumann

 

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