The Federal Reserve Board is accepting Community Advisory Council (CAC) applications, noting the panel advises on issues impacting consumers and communities while complementing two of the Board’s other advisory councils.
The CAC consists of varied experts and representatives of consumer and community development organizations and interests, per the Federal Reserve Board, noting the realm includes affordable housing, community and workforce development, small business, and asset and wealth building.
Additionally, the CAC works in conjunction with the Federal Advisory Council and the Community Depository Institutions Advisory Council, meeting semiannually with the Board of Governors in Washington to provide a range of perspectives on the economic circumstances and financial services needs of consumers and communities, focusing on low- and moderate-income consumer concerns and communities.
The Federal Reserve Board expects to announce the appointment of CAC members in the fall of 2021, adding applicants from previous years are encouraged to re-apply in 2021.
Additional information about the selection process, including instructions for submitting an application, can be found in the attached Federal Register Notice, per authorities.