The advisory group of community banks for the federal consumer protection agency will hold its first meeting of 2018 later this month, largely to review the recent calls for “evidence” by the agency and other issues.
The Community Bank Advisory Council (CBAC) of the Consumer Financial Protection Bureau (CFPB) is set to meet March 22 in Washington at the bureau’s headquarters.
On the agenda, according to a notice filed for publication with the Federal Register, is a “call for evidence.” Over the past six weeks, the bureau has released six public “requests for information” (RFIs) that call for “evidence” about how (or if) the agency is fulfilling its “proper and appropriate functions to best protect consumers.”
According to CFPB Acting Director Mick Mulvaney, the RFIs provide the public an opportunity to provide feedback and suggest ways to “improve outcomes for both consumers and covered entities.”
The group will also discuss the Home Mortgage Disclosure Act (HMDA) and hear regulatory updates, according to the bureau’s Register filing.
The complete agenda will be publicly available Wednesday via consumerfinance.gov, the bureau stated.
In addition to the meeting of the CBAC, the group’s subcommittees will also meet during the March 22 session, including subpanels on Card, Payment, and Deposits Markets; Consumer Lending; and Mortgages and Small Business Lending Markets.
The purpose of the CBAC, according to the group’s charter, is “to advise the Bureau in the exercise of its functions under the federal consumer financial laws as they pertain to community banks with total assets of $10 billion or less.”