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

In a sign that the CFPB may be preparing to reorganize its credit union advisory council, the agency has posted a charter calling for a much smaller group of credit union employees to be appointed to the group than in the past.

The charter, signed by Acting Director Mick Mulvaney, calls for six members, appointed for one-year terms. Under former Director Richard Cordray, the council had a minimum of 15 people and a maximum of 20. Members could serve two-year terms, under the Cordray charter.

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David Baumann

 

Credit Union Times

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