WASHINGTON (8/29/14)--The Consumer Financial Protection Bureau (CFPB) has announced new members of the Credit Union Advisory Council (CUAC), as well as new senior leaders and other advisory board members. The CUAC advises the CFPB on regulating consumer financial products or services, specifically to share the unique perspectives of credit unions.
The bureau supervises credit unions and other depository institutions with more than $10 billion in assets. It does not have authority over those credit unions with less than $10 billion in assets, other than limited authority conveyed by a section of the Dodd-Frank Act.
The members of the CUAC are:
New members to the council will serve two-year terms.
The bureau also named the following new senior leaders: