FACACLASSIC

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Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”

CFPB - 2592 - Community Bank Advisory Council - Agency Authority

GENERAL INFORMATION

Committee Name	Community Bank Advisory Council	Agency Name	Consumer Financial Protection Bureau
Fiscal Year	2025	Committee Number	2592
Original Establishment Date	3/27/2017	Committee Status	Terminated
Actual Termination Date	2/19/2025	Committee URL	https://www.consumerfinance.gov/about-us/adviso...
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	Unlimited
Terminated This FY	Yes	Designated Fed Officer Position Title*	Outreach and Engagement Associate, Advisory Board and Councils Office
Merged This FY		Designated Federal Officer Prefix
Current Charter Date	3/15/2023	Designated Federal Officer First Name*	Kim
Date Of Renewal Charter	3/15/2025	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*	George
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	(202) 450-8617
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*	N/A
Specific Establishment Authority*	Agency Determination	Designated Federal Officer Email*	kim.george@cfpb.gov
Effective Date Of Authority*	2/22/2017
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	National Policy Issue Advisory Board

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Terminate
Legislation to Terminate Required	Not Applicable
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	The purpose of the Community Bank Advisory Council (CBAC) is to advise the Consumer Financial Protection Bureau (CFPB ) 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. The CBAC shall advise generally on the CFPB’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 committee’s purpose, the scope of its activities shall include providing information and analysis in support of recommendations to the CFPB. The output of committee meetings should serve to better inform the CFPB’s policy development, rulemaking, and engagement functions as they relate to community banks.
How is membership balanced?*	The Director shall appoint the members of the CBAC. In appointing members to the committee, the Director shall seek to assemble representatives of community banks with diverse institution asset sizes and geographical backgrounds, and shall strive to have diversity in terms of points of view. Only bank or thrift employees (CEOs, compliance officers, government relations officials, etc.) will be considered for membership. Membership is limited to employees of community banks with total assets of $10 billion or less. Equal opportunity practices in accordance with CFPB policies shall be followed in all appointments to the committee.
How frequent & relevant are cmte mtgs?*	Will meet approximately twice each year.
Why advice can't be obtained elsewhere?*	The CFPB’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 CFPB created this committee 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 CFPB policies impact community banks.
Why close or partially close meetings?	Meetings are open to the public unless the CFPB 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).
Recommendation Remarks	On 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 CFPB’s advisory committees. This committee was re-established on March 27, 2017, in accordance with FACA provisions. On February 19, 2025, this committee was terminated per direction of Acting Director Russell Vought.

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	Yes	Action Reallocate Resources	No
Outcome Major Policy Changes	No	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	Yes	Action Other	No
Outcome Increased Customer Satisfaction	No	Action Comment	Not Applicable
Outcome Implement Laws/Reg Requirements	No	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	Community Bank Advisory Council (CBAC) members provide timely feedback which helps the CFPB understand emerging trends in rapidly changing financial markets. Members typically share information about unintended consequences of rulemaking, such as compliance burdens. The CFPB has often considered members’ commentary when developing or enhancing policies.	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	Not Applicable	Grants Review Comment	Not Applicable
Number Of Recommendations*	0	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	The Community Bank Advisory Council advises the CFPB 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 FY25 the committee did not convey any formal recommendations to the CFPB, but members provided information, analysis, and recommendations to CFPB staff based on their perspectives as community bankers. This feedback is particularly valuable because the CFPB’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 committee 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. Furthermore, several members also serve as partners with the CFPB by distributing CFPB consumer education resources to their stakeholders and large audiences. The CFPB regularly engages with committee members to receive on-the-ground feedback about the impact of the economy on consumers and financial markets. Committee members have provided significant feedback and have identified useful trends which have helped shape how the CFPB addresses emerging issues such as concerns related to core processing. Additionally, committee members have provided input on current rulemaking for issues including quality control standards for automated valuation models, small business lending, and personal financial data rights.	Access Agency Website	Yes
% of Recs Fully Implemented*	0.00%	Access Committee Website	Yes
% of Recs Fully Implemented Comment	Although the CBAC does not provide formal comment, the committee offers an opportunity for the CFPB to hear from non-supervised entities in order to understand the impact of rulemaking and policies on smaller financial institutions. This helps the CFPB consider the impact of our rulemaking and policies on consumers and industry. To assist with this, during the selection process, the CFPB is mindful that we get a broad sweep of institutions across the nation; such as considering diverse geographical location.	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	0.00%	Access Publications	Yes
% of Recs Partially Implemented Comment	Not Applicable	Access Other	No
Agency Feedback*	No	Access Comment	Not Applicable
Agency Feedback Comment*	Not Applicable	Narrative Description*	The purpose of the CBAC is to advise the CFPB 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. The CBAC shall advise generally on the CFPB’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 committee’s purpose, the scope of its activities shall include providing information and analysis in support of recommendations to the CFPB. The output of committee meetings should serve to better inform the CFPB’s policy development, rulemaking, and engagement functions as they relate to community banks.

COSTS

1. Payments to Non-Federal Members*	$0.00	1. Est Paymnts to Non-Fed Membrs Nxt FY*	$0.00
2. Payments to Federal Members*	$0.00	2. Est. Payments to Fed Members Next FY*	$0.00
3. Payments to Federal Staff*	$209,811.82	3. Estimated Payments to Federal Staff*	$0.00
4. Payments to Consultants*	$0.00	4. Est. Payments to Consultants Next FY*	$0.00
5. Travel Reimb. For Non-Federal Membrs*	$0.00	5. Est Travel Reimb Non-Fed Membr nxtFY*	$0.00
6. Travel Reimb. For Federal Members*	$0.00	6. Est Travel Reimb For Fed Members*	$0.00
7. Travel Reimb. For Federal Staff*	$0.00	7. Est. Travel Reimb to Fed Staf Nxt FY*	$0.00
8. Travel Reimb. For Consultants*	$0.00	8. Est Travel Reimb to Consltnts Nxt FY*	$0.00
10. Other Costs	$0.00	10. Est. Other Costs Next FY*	$0.00
11. Total Costs	$209,811.82	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	7/15/2025 11:39 AM	Est. Fed Staff Support Next FY*
Federal Staff Support (FTE)*	0.39	Est Cost Remarks	There are no future estimated costs.
Cost Remarks	There are no future estimated costs.

Interest Areas

Category Area Business Small Business Finance Banking Credit Finance

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