CU, other bureau advisory groups schedule meetings

(Nov. 6, 2020) The CFPB’s Credit Union Advisory Council (CUAC), along with the Consumer Advisory Board (CAB) and the Community Bank Advisory Council (CBAC), are scheduled to meet in a combined, public virtual session from 1 to 5:30 p.m. ET Nov. 18, according to bureau notices issued this week. The agenda, detailed on the agency’s website, includes discussion of:

  • section 1071 of the Dodd-Frank Act, which revised the Equal Credit Opportunity Act (ECOA) to call for financial institutions’ collection and reporting of data regarding applications for credit for women-owned, minority-owned, and small businesses (the bureau began inviting public feedback on an outline of proposals in September);
  • consumer access to financial records under section 1033 of Dodd-Frank (currently addressed in an advance notice of proposed rulemaking); and
  • mortgage trends and themes specifically related to the impacts of the COVID-19 pandemic.

The meeting will be held virtually via the Internet, and is open to the public. Advance registration is required.

Bureau advisory groups to meet Nov. 18