WASHINGTON—The Consumer Financial Protection Bureau will convene its Consumer Advisory Board (CAB) on Dec. 10, for a public virtual meeting focused squarely on fair-lending issues and the growing debate over “debanking,” according to a notice published in the Federal Register.
The session, scheduled from 11:00 a.m. to 12:30 p.m. ET, will give advisory-board members an opportunity to brief CFPB leadership on emerging practices affecting consumer access to financial services—an area that has drawn increasing attention from both regulators and Congress as institutions reevaluate risk controls, account-closure policies, and fraud-prevention strategies.
Under its Dodd-Frank mandate, the CAB serves as an early-warning mechanism for marketplace trends, providing the Bureau with analysis and recommendations on products, practices, and consumer-impact concerns. The December agenda will include discussion of the Bureau’s broader regulatory priorities but will center on the intersection of fair-lending oversight and account-closure practices—a topic financial institutions say has grown more complicated amid heightened fraud risks, KYC obligations, and political scrutiny.
The meeting is open to the public, though attendees must RSVP to receive dial-in details. Written comments may be submitted up to seven days before the event and will be circulated to board members.
The CFPB said the full agenda will be released Dec. 9, on consumerfinance.gov.