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CFPB to make consumer meetings more transparent
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Regulatory Updates
Thursday, May 22, 2014
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The Consumer Financial Protection Bureau (CFPB) announced that it will open its Consumer Advisory Board and Councils meetings to the public in an effort to provide more transparency to stakeholders and others.
Since establishing its Consumer Advisory Board and Councils in 2012, these groups have provided the CFPB with information about emerging trends and practices, allowed it to hear directly from small financial institutions, and the Academic Research Council has provided technical and scientific advice to its Office of Research. From their establishment, the CFPB has been committed to providing transparency into these interactions by providing membership information, meeting summaries, and notices of meetings, among other things.
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