(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.