CFPB Increases Transparency, Ending Closed-Door Meetings

The Consumer Finance Protection Bureau (CFPB) has announced that it is ending its closed-door meeting policy for its four advisory groups and will open the meetings to the public. Those groups consist of the Community Bank Advisory Council, the Credit Union Advisory Council, the Academic Research Council, and the Consumer Advisory Board.

The CFPB stated that the change is intended “to provide more transparency and to be responsive to the requests (for more openness) we’ve received.” To provide more transparency and to be responsive to the openness request, the CFPB is changing the format of their Board and Council meetings starting with their June 18th meeting, where the public may attend (or watch online).

The Community Bank Advisory Council advises us on regulating consumer financial products or services and specifically to share the unique perspectives of community banks. They share information, analysis, and recommendations to better inform our policy development, rulemaking, and engagement work.

schedule of upcoming meetings is also available.

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