Share your expertise on accounts receivable management trends.
1/16/2020 9:00
ACA International members are encouraged to consider engaging with the Consumer Financial Protection Bureau by applying for one of several openings on its advisory committees. Winning a seat on any of these committees would provide an opportunity for accounts receivable management industry professionals to offer valuable insights to the federal regulator.
The CFPB established the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council to ensure that it hears from a variety of external experts with diverse viewpoints, according to a blog post announcing the openings.
These advisory committees provide the bureau with information about emerging trends and practices in the consumer financial marketplace and direct insights from small financial institutions, it reports.
The CFPB seeks the following types of applicants:
- Experts in consumer protection, community development, consumer finance, fair lending, and civil rights;
- Experts in consumer financial products or services, including consumer reporting, student lending, small dollar lending, credit cards, debt collection, and debt relief;
- Experts in consumer finance education;
- Representatives of banks and credit unions that serve underserved communities;
- Representatives of communities that have been significantly impacted by higher priced mortgage loans;
- Current employees of credit unions and community banks;
- Academics (experienced economists with a strong research and publishing or practitioner background, and a record of involvement in research and public policy, including public or academic service.)
Learn more about the application process here. The deadline is Feb. 27, 2020.
For guidance on applying to these committees as an ACA International member, contact Vice President and Senior Counsel of Federal Advocacy Leah Dempsey at [email protected].