As you may know, the Consumer Financial Protection Bureau has recently named its Consumer Advocacy Board. Go here to read its members' names and bios. The Board will have its first public meeting in St. Louis on September 27. CFPB head Richard Cordray will speak (and presumably introduce the advisory board). Here's how the CFPB describes how the Board was picked and what its functions will be:
Through a public process, the Bureau has invited external experts, industry representatives, consumers, community leaders and advocates to apply to be a member of this advisory group. As a result, the Consumer Advisory Board is a crowdsourced group of experts on consumer protection, consumer financial products or services, community development, fair lending, civil rights, underserved communities, and communities that have been significantly impacted by higher priced mortgage loans. They are a source of market intelligence and expertise for us, and also advise and consult us on our work. The board helps inform us about emerging practices or trends in the consumer finance industry, and shares analysis and recommendations.They are charged with identifying and assessing the impact of emerging products, practices, or services on consumers and other market participants.