On Wednesday, the Consumer Financial Protection Bureau (CFPB) announced that it will accept applications for positions on its advisory groups – the Consumer Advisory Board (CAB), the Credit Union Advisory Council (CUAC) and the Community Bank Advisory Council (CBAC) – until February 28, 2014. The Dodd-Frank Act, which created the bureau, also required that the CAB be established "to advise and consult with the bureau's director on a variety of consumer financial issues." The CBAC and CUAC were created "to ensure that the bureau receives feedback from community banks and credit unions with asset sizes below $10 billion that are not under the CFPB's supervision," but that might still be affected by its regulations. For more, read the full news release.