Establishment of Community Banker Advisory Council, 11439 [2017-03493]

Download as PDF rmajette on DSK2TPTVN1PROD with NOTICES Federal Register / Vol. 82, No. 35 / Thursday, February 23, 2017 / Notices the United States Senate and the Committee on Financial Services of the United States House of Representatives. The charter will also be posted on the Bureau’s Web site at www.consumerfinance.gov. This charter will expire two years after the filing date unless renewed by appropriate action. The Board’s purpose is outlined in section 1014(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act), which states that the Board shall ‘‘advise and consult with the Bureau in the exercise of its functions under the Federal consumer financial laws’’ and ‘‘provide information on emerging practices in the consumer financial products or services industry, including regional trends, concerns, and other relevant information.’’ To carry out the Board’s purpose, the scope of its activities shall include providing information, analysis, and recommendations to the Bureau. The Board will generally serve as a vehicle for market intelligence and expertise for the Bureau. Its objectives will include identifying and assessing the impact on consumers and other market participants of new, emerging, and changing products, practices, or services. The duties of the Board are solely advisory and shall extend only to the submission of advice and recommendations to the Bureau, which shall be non-binding on the Bureau. No determination of fact or policy will be made by the Board, and the Board will have no formal decision-making role and no access to confidential supervisory or other confidential information. The Board shall consist of no fewer than approximately16 members including at least six members appointed upon the recommendation of the regional Federal Reserve Bank Presidents on a rotating basis, and shall be chosen to ensure a fairly balanced membership. In accordance with the Dodd-Frank Act, ‘‘in appointing the members of the Consumer Advisory Board, the Director shall seek to assemble experts in: Consumer protection, financial services, community development, fair lending and civil rights, and consumer financial products or services and representatives of depository institutions that primarily serve underserved communities, and representatives of depository institutions that primarily serve underserved communities, and representatives of communities that have been significantly impacted by higher-priced mortgage loans, and seek representation of the interests of covered persons and consumers, VerDate Sep<11>2014 14:10 Feb 22, 2017 Jkt 241001 without regard to party affiliation.’’ Equal opportunity practices in accordance with the Consumer Financial Protection Bureau (‘‘Bureau’’) policies shall be followed in all appointments to the Board. Dated: January 20, 2017. Leandra English, Chief of Staff, Bureau of Consumer Financial Protection. [FR Doc. 2017–03492 Filed 2–22–17; 8:45 am] BILLING CODE 4810–AM–P BUREAU OF CONSUMER FINANCIAL PROTECTION Establishment of Community Banker Advisory Council Bureau of Consumer Financial Protection. ACTION: Notice. AGENCY: The Consumer Financial Protection Bureau (‘‘Bureau’’), after consultation with the Committee Management Secretariat of the General Services Administration, will establish the Community Banker Advisory Council (‘‘the Advisory Council’’) no less than 15 days from the effective date of this notice. The Advisory Council was established to consult with 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. FOR FURTHER INFORMATION CONTACT: Delicia Hand, Staff Director, Advisory Board and Councils Office, External Affairs, Consumer Financial Protection Bureau, 1275 First Street NE., Washington, DC 20002; Telephone: (202) 435–9348; email: Delicia.hand@ cfpb.gov. SUMMARY: In accordance with the provisions of the Federal Advisory Committee Act (‘‘FACA’’) (5 U.S.C. App.), the Consumer Financial Protection Bureau (‘‘the Bureau’’) hereby gives notice of reestablishment of the Community Banker Advisory Council. In December of 2015, language included in the 2016 Omnibus spending bill amended the Consumer Financial Protection Act to clarify the applicability of the FACA to the Bureau. The Advisory Council is a continuing committee being re-established for the purposes of compliance with FACA and applicable statutes. This committee is being established no less than 15 days after the publication of this notice by filing a charter with the Director of the Bureau and with the Committee Management SUPPLEMENTARY INFORMATION: PO 00000 Frm 00014 Fmt 4703 Sfmt 9990 11439 Secretariat of the General Services Administration, and furnishing the charter to the Library of Congress and the Committee on Banking, Housing, and Urban Affairs of the United States Senate and the Committee on Financial Services of the United States House of Representatives. The charter will also be posted on the Bureau’s Web site at www.consumerfinance.gov. This charter will expire two years after the filing date unless renewed by appropriate action. The Advisory Council shall advise the Bureau in its exercise of its functions under the Federal consumer financial laws as they pertain to banks or thrifts with total assets of $10 billion or less. To carry out the Advisory Council’s purpose, the scope of its activities shall include providing information and analysis in support of recommendations to the Bureau. The output of Advisory Council meetings should serve to better inform the CFPB’s policy development, rulemaking, and engagement functions as they relate to community banking institutions. The duties of the Advisory Council are solely advisory and shall extend only to the submission of advice and recommendations to the Bureau relating to the activities and operations of community banks, which shall be nonbinding on the Bureau. No determination of fact or policy will be made by the Advisory Council, and the Advisory Council will have no formal decision-making role and no access to confidential supervisory or other confidential information. In appointing members to the Advisory Council, the Director shall seek to assemble members with diverse points of view, institution asset sizes, and geographical backgrounds. Only bank or thrift employees (CEOs, compliance officers, government relations officials, etc.) will be considered for membership. Membership is limited to employees of banks and thrifts with total assets of $10 billion or less that are not affiliates of depository institutions or credit unions with total assets of more than $10 billion. The Advisory Council will consist of approximately 15 to 20 members. Equal opportunity practices in accordance with the Consumer Financial Protection Bureau (‘‘Bureau’’) policies shall be followed in all appointments to the Advisory Council. Dated: January 20, 2017. Leandra English, Chief of Staff, Bureau of Consumer Financial Protection. [FR Doc. 2017–03493 Filed 2–22–17; 8:45 am] BILLING CODE 4810–AM–P E:\FR\FM\23FEN1.SGM 23FEN1

Agencies

[Federal Register Volume 82, Number 35 (Thursday, February 23, 2017)]
[Notices]
[Page 11439]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03493]


-----------------------------------------------------------------------

BUREAU OF CONSUMER FINANCIAL PROTECTION


Establishment of Community Banker Advisory Council

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Consumer Financial Protection Bureau (``Bureau''), after 
consultation with the Committee Management Secretariat of the General 
Services Administration, will establish the Community Banker Advisory 
Council (``the Advisory Council'') no less than 15 days from the 
effective date of this notice. The Advisory Council was established to 
consult with 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.

FOR FURTHER INFORMATION CONTACT: Delicia Hand, Staff Director, Advisory 
Board and Councils Office, External Affairs, Consumer Financial 
Protection Bureau, 1275 First Street NE., Washington, DC 20002; 
Telephone: (202) 435-9348; email: Delicia.hand@cfpb.gov.

SUPPLEMENTARY INFORMATION: In accordance with the provisions of the 
Federal Advisory Committee Act (``FACA'') (5 U.S.C. App.), the Consumer 
Financial Protection Bureau (``the Bureau'') hereby gives notice of re-
establishment of the Community Banker Advisory Council. In December of 
2015, language included in the 2016 Omnibus spending bill amended the 
Consumer Financial Protection Act to clarify the applicability of the 
FACA to the Bureau. The Advisory Council is a continuing committee 
being re-established for the purposes of compliance with FACA and 
applicable statutes.
    This committee is being established no less than 15 days after the 
publication of this notice by filing a charter with the Director of the 
Bureau and with the Committee Management Secretariat of the General 
Services Administration, and furnishing the charter to the Library of 
Congress and the Committee on Banking, Housing, and Urban Affairs of 
the United States Senate and the Committee on Financial Services of the 
United States House of Representatives. The charter will also be posted 
on the Bureau's Web site at www.consumerfinance.gov. This charter will 
expire two years after the filing date unless renewed by appropriate 
action.
    The Advisory Council shall advise the Bureau in its exercise of its 
functions under the Federal consumer financial laws as they pertain to 
banks or thrifts with total assets of $10 billion or less. To carry out 
the Advisory Council's purpose, the scope of its activities shall 
include providing information and analysis in support of 
recommendations to the Bureau. The output of Advisory Council meetings 
should serve to better inform the CFPB's policy development, 
rulemaking, and engagement functions as they relate to community 
banking institutions.
    The duties of the Advisory Council are solely advisory and shall 
extend only to the submission of advice and recommendations to the 
Bureau relating to the activities and operations of community banks, 
which shall be non-binding on the Bureau. No determination of fact or 
policy will be made by the Advisory Council, and the Advisory Council 
will have no formal decision-making role and no access to confidential 
supervisory or other confidential information.
    In appointing members to the Advisory Council, the Director shall 
seek to assemble members with diverse points of view, institution asset 
sizes, and geographical backgrounds. Only bank or thrift employees 
(CEOs, compliance officers, government relations officials, etc.) will 
be considered for membership. Membership is limited to employees of 
banks and thrifts with total assets of $10 billion or less that are not 
affiliates of depository institutions or credit unions with total 
assets of more than $10 billion. The Advisory Council will consist of 
approximately 15 to 20 members. Equal opportunity practices in 
accordance with the Consumer Financial Protection Bureau (``Bureau'') 
policies shall be followed in all appointments to the Advisory Council.

    Dated: January 20, 2017.
Leandra English,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2017-03493 Filed 2-22-17; 8:45 am]
BILLING CODE 4810-AM-P