In National Press Release

MEDIA ADVISORY

For Release: June 1, 2018

Media Contacts:

Kelli Johnson, Texas Appleseed, (512) 473-2800, x103, kjohnson@texasappleseed.net

Jan Kruse, National Consumer Law Center, (617) 542-8010, jkruse@nclc.org

Nehama Rogozen, California Reinvestment Coalition, (415) 864-3980, nrogozen@calreinvest.org

 

June 4 Press Call Regarding Consumer Advisory Board of the

Consumer Financial Protection Bureau

Bureau’s Actions Undermine Ability of Consumer Advisory Board to Comply

with its Statutory Mandates, Members Raise Concerns Regarding Direction of Bureau

 

WHAT: Press call with Q-and-A

WHO: A group of consumer advocates who serve on the CFPB’s Consumer Advisory Board (CAB). These CAB members work directly with families and communities to support financial well-being and consumer protection. This group represents a subset of the full Consumer Advisory Board and only speaks on behalf of this subset of members.

BACKGROUND: Consumer advocates will outline their concerns related to current actions by the CFPB, which is undermining work to ensure consumers are offered protections and treated fairly in the financial marketplace. Under the direction of Acting Director Mick Mulvaney, the CFPB is failing in its mandate to convene in-person meetings of the Consumer Advisory Board, as required by the governing law for the Bureau, the Dodd-Frank Act. The current Administration has taken further harmful actions, such as changing the mission of the organization and restructuring key offices without stakeholder or public input.

SPEAKERS:

  • Ann Baddour, CAB Chair
  • Lynn Drysdale, CAB Vice Chair
  • Select CAB members will be available during Q-and-A

WHEN: Monday, June 4, 2018, at 2 p.m. EST / 11 a.m. PST

JOIN: https://global.gotomeeting.com/join/311697357

Please join the press phone conference from your computer, tablet or smartphone. You can also dial in using your phone.

United States: +1 (669) 224-3412

Access Code: 311-697-357

ABOUT: The Consumer Advisory Board is a statutorily required body established by the Consumer Financial Protection Bureau, through a public process, to advise and consult about the work of the Bureau. Members are external experts, industry representatives, consumers, community leaders, and advocates based in various parts of the U.S. The CAB represents various sectors, including academia, banks, credit card providers, mortgage lenders, fintech, venture capital and more. The CAB helps inform about emerging practices or trends in the consumer financial products and services industry and shares analysis and recommendations. The CAB is charged with identifying and assessing the impact of emerging products, practices, and services on consumers and other market participants.

Participants (affiliations listed for informational purposes only):

 

Seema Agnani

National CAPACD

Ann Baddour

Texas Appleseed

Lynn Drysdale

Jacksonville Area Legal Aid

Kathleen Engel

Suffolk University

Judith Fox

Notre Dame Law School

Paulina Gonzalez

California Reinvestment Coalition

Ruhi Maker

Empire Justice  Center

Lisa J. Servon

University of Pennsylvania

Chi Chi Wu

National Consumer Law Center

Josh Zinner

Interfaith Center on Corporate Responsibility

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