You only have another week to submit your application if you are looking to be invited to join the Consumer Financial Protection Bureau’s Consumer Advisory Board.
Applications for the CAB are due by May 5, which marks 45 days after the call for applications was published in the Federal Register.
There are no current members of the board with direct ties to the credit and collection industry. Past members of the industry who have participated on the CAB include Ohad Samet, the Chief Executive Officer of TrueAccord, and Joann Needleman, a partner with the law firm of Clark Hill.
Debt collection is one of the areas of expertise the CFPB is looking for when seeking new members of the CAB. The applications are part of a new term schedule for the CFPB’s four boards — the CAB, Credit Union Advisory Council, Community Bank Advisory Council, and Academic Research Council. Terms will now last two years, with half of the board being replaced every year.
Interested applicants must fill out an online application, and include the following information:
- A recommendation letter from a third party describing the applicant’s interests and qualifications to serve on an advisory committee
- A cover letter explaining the applicant’s interest and qualifications
- A resume or curriculum vitae for the applicant
