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CFPB resurrects consumer advisory boards

Joe Mont | March 22, 2019

Undoing a controversial move by her predecessor, Kathleen Kraninger, director of the Consumer Financial Protection Bureau, has reinstated and “enhanced” consumer advisory boards.

“I’ve seen firsthand how the Bureau benefits from the valuable input provided by committee members. I have also seen how the joint committee meeting is resulting in members sharpening their ideas by engaging in a thorough dialogue,” Kraninger said in a March 21 statement. “These enhancements demonstrate my commitment to ensuring that the Bureau’s advisory committees are helping to improve our work on behalf of consumers.”  

The Bureau’s advisory committee program includes the Consumer Advisory Board, Academic Research Council, Community Bank Advisory Council, and Credit Union Advisory Council. Effective fiscal year 2020, the committees will expand...

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