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Consumer Financial Protection Bureau Charter of the Bureaus Consumer Advisory Board 1. Committees Official Designation. Consumer Advisory Board (the committee or the CAB). 2. Authority. This statutory
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The Consumer Advisory Board is a group established by the Consumer Financial Protection Bureau to provide advice and recommendations on a variety of consumer financial matters.
Financial institutions and other organizations in the financial services industry may be required to file reports with the Consumer Advisory Board.
To fill out the Consumer Advisory Board report, organizations must provide information on their activities, policies, and any consumer complaints or feedback received.
The purpose of the Consumer Advisory Board is to ensure that consumer perspectives are taken into account when making decisions related to consumer financial products and services.
Information reported on the Consumer Advisory Board may include details on consumer complaints, feedback received, and any actions taken by the organization in response.
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