A broad array of subjects – including the Home Mortgage Disclosure Act (HMDA), the Electronic Fund Transfer Act (Regulation E), debt collection, and mortgage origination – are on the agenda for the meeting of the Community Bank Advisory Council (CBAC) of the federal consumer financial agency, May 24.
According to filings in the Federal Register Tuesday by the Bureau of Consumer Financial Protection (BCFP), the council (which focuses on issues affecting community banks with total assets of $10 billion or less) will also consider several of the bureau’s dozen “Requests for Information” (RFIs) related to the “call for evidence” issued by bureau Acting Director Mick Mulvaney.
Mulvaney’s “call for evidence” centers on how (or if) the agency is fulfilling its “proper and appropriate functions to best protect consumers.” None of the 12 RFIs issued by the agency were singled out for consideration by the council at the meeting.
At is March meeting, the CBAC also considered the RFIs and HMDA.
In addition, on May 24, various subcommittees of the council are scheduled to meet, including those focusing on: Card, Payment, and Deposits Markets; Consumer Lending; and Mortgages and Small Business Lending Markets.