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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameCommunity Bank Advisory CouncilAgency NameConsumer Financial Protection Bureau
Fiscal Year2019Committee Number2592
Original Establishment Date3/27/2017Committee StatusChartered
Actual Termination Date Committee URLhttps://www.consumerfinance.gov/about-us/adviso...
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*Unlimited
Current Charter Date5/21/2019Designated Fed Officer Position Title*Assistant Director, Advisory Board and Councils Office
Date Of Renewal Charter5/21/2021Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Delicia
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityDesignated Federal Officer Last Name*Hand
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*Agency DeterminationDesignated Federal Officer Phone*(202) 435-9348
Effective Date Of Authority*2/22/2017Designated Federal Officer Fax*(202) 435-7931
Committee Type*ContinuingDesignated Federal Officer Email*delicia.hand@cfpb.gov
Presidential*No
Committee Function*National Policy Issue Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The purpose of the Advisory Council is to advise the Bureau in the 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. The Advisory Council shall advise generally on the Bureau’s regulation of consumer financial products or services provided by community banks and other topics assigned to it by the Director, as they relate to community banks. 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 BCFP’s policy development, rulemaking, and engagement functions and how they relate to community banks.
How is membership balanced?*The Director shall appoint the members of the Advisory Council. In appointing members to the Advisory Council, the Director shall seek to assemble representatives of credit unions with diverse institution asset sizes and geographical backgrounds and shall strive to have diversity in terms of points of view. Only community bank employees (CEOs, compliance officers, government relations officials, etc.) will be considered for membership. Membership is limited to employees of banks or thrifts with total assets of $10 billion or less.
How frequent & relevant are cmte mtgs?*Estimated Number of Meetings per Year - 3.
Why advice can't be obtained elsewhere?*The Bureau’s supervisory process provides an opportunity for learning and insight into the operations of large financial institutions; having no correlate for small depository financial institutions, the Bureau created this Advisory Council to facilitate a similar opportunity for community banks to share insights regarding operational and technical considerations, community banking industry business practices, and the unique needs of their customers and communities. This group also provides timely and pertinent information on how Bureau policies impact community banks.
Why close or partially close meetings?Meetings are open to the public unless the Bureau of Consumer Financial Protection agency head determines that items on the planned agenda are subject to the closed meeting provisions of the Government in Sunshine Act, 5 U.S.C.§552b(c). In the event of closed or partially-closed meetings, the committee will issue an annual report setting forth a summary of its activities and such related matters as would be informative to the public.
Recommendation RemarksOn December 18, 2015, Section 1013 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5493) was amended to ensure applicability of the Federal Advisory Committee Act (“FACA”) to the Bureau’s advisory committees. This committee was re-established in accordance with FACA provisions. On June 6, 2018, as part of the Bureau’s Stakeholder Outreach and Engagement initiative, the Bureau decided to re-constitute the advisory committees with smaller membership. This committee was re-constituted on September 7, 2018 with new committee members.
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentNoAction Reallocate ResourcesNo
Outcome Major Policy ChangesNoAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryYesAction OtherNo
Outcome Increased Customer SatisfactionNoAction CommentNot Applicable
Outcome Implement Laws/Reg RequirementsNoGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed0
Outcome CommentNot ApplicableNumber Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentNot ApplicableGrants Review CommentNot Applicable
Number Of Recommendations*0Access Contact Designated Fed. Officer*No
Number Of Recommendations CommentThe Community Bank Advisory Council advises the Bureau in the 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. In FY2018 the Advisory Council did not convey any formal recommendations to the BCFP, but members provided information, analysis, and recommendations to the Bureau’s staff based on their perspectives as community bankers. This feedback is particularly valuable because the Bureau’s supervisory process does not offer an opportunity for learning and insight into operations of depository institutions with less than $10 billion in total assets. The Advisory Council facilitates an opportunity for community banks to share insights regarding operational and technical considerations, community banking industry practices, and the unique needs of community bank customers and communities.Access Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteNo
% of Recs Fully Implemented CommentNot ApplicableAccess GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentNot ApplicableAccess OtherNo
Agency Feedback*NoAccess CommentNot Applicable
Agency Feedback CommentNot ApplicableNarrative Description*The purpose of the Advisory Council is to advise the Bureau in the 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. The Advisory Council shall advise generally on the Bureau’s regulation of consumer financial products or services provided by community banks and other topics assigned to it by the Director, as they relate to community banks. 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 BCFP’s policy development, rulemaking, and engagement functions and how they relate to community banks.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members* Est. Payments to Fed Members Next FY* 
Payments to Federal Staff* Estimated Payments to Federal Staff* 
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members* Est Travel Reimb Non-Fed Members nextFY* 
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY* 
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs Est. Other Costs Next FY* 
Total Costs$0.00Est. Total Next FY*$0.00
Federal Staff Support (FTE)* Est. Fed Staff Support Next FY* 
Hide Section - Custom Links

Custom Links

     Committee Level Reports               
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found
Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-032801Community Bank Advisory Council2018
 COM-001184Community Bank Advisory Council2017