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Federal Register / Vol. 86, No. 51 / Thursday, March 18, 2021 / Notices
advice, and other preparatory and administrative work. The CAB will have no formal decision-making role and no access to nonpublic CFPB information, to include confidential supervisory or other confidential information. The Bureau posts meeting minutes from the public advisory committee meetings on its website.
In accordance with Section 1014b of the Dodd-Frank Act, i-n appointing the members of the Consumer Advisory Board, the Director shall seek to assemble experts in consumer protection, financial services, community development, fair lending and civil rights, and consumer financial products or services and representatives of depository institutions that primarily serve underserved communities, and representatives of communities that have been significantly impacted by higher-priced mortgage loans, and seek representation of the interests of covered persons and consumers, without regard to party affiliation.
The committee shall consist of no fewer than approximately ten members serving two-year terms, including at least six members appointed upon the recommendation of the regional Federal Reserve Bank Presidents on a rotating basis, and shall be chosen to ensure a fairly balanced membership. Equal opportunity practices in accordance with the Bureaus policies shall be followed in all appointments to the committee.
Dated: March 10, 2021.
Jocelyn Sutton, Deputy Chief of Staff, Bureau of Consumer Financial Protection.
FR Doc. 202105316 Filed 31721; 8:45 am BILLING CODE 4810AMP

BUREAU OF CONSUMER FINANCIAL
PROTECTION
Renewal of Community Bank Advisory Council Bureau of Consumer Financial Protection.
ACTION: Notice.
AGENCY:

The Bureau of Consumer Financial Protection Bureau, after consultation with the Committee Management Secretariat of the General Services Administration, will renew the Community Bank Advisory Council the committee or the CBAC effective on March 18, 2021. The CBAC was established to consult with the Bureau 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.

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FOR FURTHER INFORMATION CONTACT:

Manny Manon, Staff Director, Advisory Board and Councils Section, Office of Stakeholder Management, Consumer Education and External Affairs Division, at 2024359830, or Emmanuel.Manon@cfpb.gov. If you require this document in an alternative electronic format, please contact CFPB_
Accessibility@cfpb.gov.
SUPPLEMENTARY INFORMATION: In accordance with the provisions of the Federal Advisory Committee Act FACA 5 U.S.C. App., the Bureau hereby gives notice of renewal of the Community Bank Advisory Council.
The CBAC is a discretionary committee being renewed for the purposes of compliance with FACA and applicable statutes. This committee is being renewed concurrently with the publication of this notice by filing a charter with the Acting Director of the Bureau, the Committee Management Secretariat of the General Services Administration, the Library of Congress, the Committee on Banking, Housing, and Urban Affairs of the United States Senate, and the Committee on Financial Services of the United States House of Representatives. The charter will also be posted on the Bureaus website at www.consumerfinance.gov. This charter will expire two years after the filing date unless renewed by appropriate action.
The purpose of the CBAC is to advise the Bureau 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 Bureaus supervisory process provides an opportunity for learning and insight into the operations of financial institutions;
having no corollary for small depository financial institutions, the Bureau 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 Bureau policies impact community banks.
The duties of the CBAC are solely advisory and shall extend only to its submission of advice and recommendations to the Bureau relating to the activities and operations of community banks, which shall be nonbinding on the Bureau. To ensure understanding of compliance and regulatory challenges faced by community banks, inclusion on the CBAC will be limited to community
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bank employees. No determination of fact or policy will be made by the committee, or its individual members, and the committee will have no formal decision-making role and no access to nonpublic CFPB information, to include confidential supervisory or other confidential information. The Bureau posts meeting minutes from the public advisory committee meetings on its website.
In appointing members to the committee, the Director shall seek to assemble members with diverse points of view, institution asset sizes, and geographical backgrounds. Only bank or thrift institution employees e.g., CEOs, compliance officers, government relations officials, etc. will be considered for membership.
Membership is limited to employees of banks and thrifts with total assets of $10
billion or less that are not affiliates of depository institutions or community banks with total assets of more than $10
billion.
The CBAC shall consist of at least eight members serving two-year terms.
All members appointed by the Director shall serve at the pleasure of the Director. Equal opportunity practices in accordance with the Bureaus policies shall be followed in all appointments to the committee.
Dated: March 10, 2021.
Jocelyn Sutton, Deputy Chief of Staff, Bureau of Consumer Financial Protection.
FR Doc. 202105336 Filed 31721; 8:45 am BILLING CODE 4810AMP

BUREAU OF CONSUMER FINANCIAL
PROTECTION
Renewal of Academic Research Council Bureau of Consumer Financial Protection.
ACTION: Notice.
AGENCY:

The Bureau of Consumer Financial Protection Bureau, after consultation with the Committee Management Secretariat of the General Services Administration, will renew the Academic Research Council the committee or the ARC effective on March 18, 2021. The ARC will provide the Bureau with advice about its strategic research planning process and research agenda, including views on the research that the Bureau should conduct relating to consumer financial products or services, consumer behavior, costbenefit analysis, or other topics to enable the agency to further its statutory purposes and objectives; and, provide
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