Sec. 7. Consumer Advisory Board reforms
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Section 1014 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5496 ) is amended— in subsection (b), by adding at the end the following: Any change to the charter for the Consumer Advisory Board affecting the membership shall not preclude prior or current members from applying for consideration to serve on a reconstituted Consumer Advisory Board. ; and in subsection (c)— by striking meet from and inserting meet in person from ; and by adding at the end the following:
The Consumer Bureau shall provide adequate notice to the members of the Consumer Advisory Board of the time and date of each meeting, and of any meeting cancellations. Section 1014 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5496 ) is amended by adding at the end the following: With respect to each in person meeting of the Consumer Advisory Board— the Director shall attend such meeting; and the Director shall ensure that the members of the Consumer Advisory Board have an opportunity to meet and engage with all appropriate staff and office of the Consumer Bureau. .
Notwithstanding any other law— any member of the Consumer Advisory Board of the Consumer Financial Protection Bureau on November 1, 2017, may continue to serve as a member of such advisory board until March 27, 2020, and may not be removed from such position by the Director of the Consumer Bureau until such date; and any member of the Consumer Advisory Board of the Consumer Financial Protection Bureau on the date of enactment of this Act, may continue to serve as a member of such advisory board until March 27, 2020, and may not be removed from such position by the Director of the Consumer Bureau until such date.
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Sec. 7
Consumer Advisory Board reforms
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