On August 19, the CFPB announced new members to the Consumer Advisory Board, the Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Pursuant to the Dodd-Frank Act, the CFPB established the Consumer Advisory Board to counsel the agency’s Director on consumer financial issues; the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council were created at the Director’s order. The nine newly appointed members to the Consumer Advisory Board and the two new members to the Academic Research Council will serve three-year terms; the seven new members to the Community Bank Council and the eight new members to Credit Union Advisory Council will serve two-year terms.