The Consumer Advisory Council (CAC) is a legal entity that provides advice and recommendations to a consumer protection agency or organisation. Its primary function is to represent the interests of consumers and ensure that their rights are protected. The CAC may review and analyse consumer complaints, conduct research on consumer issues, and make recommendations for policy changes or improvements in consumer protection laws. The CAC’s input is valuable in shaping consumer protection policies and ensuring that consumers are adequately informed and protected in the marketplace.
The Consumer Advisory Council (CAC) is a group of individuals who provide advice and recommendations to the Consumer Financial Protection Bureau (CFPB) on consumer financial issues.
Members of the CAC are appointed by the Director of the CFPB and represent a diverse range of backgrounds and perspectives, including consumer advocates, industry representatives, academics, and community leaders.
The CAC provides feedback and recommendations to the CFPB on a variety of consumer financial issues, including consumer protection, financial education, and access to credit.
The CAC typically meets three times per year, although additional meetings may be scheduled as needed.
Yes, CAC meetings are open to the public and are typically held in Washington, D.C. However, due to the COVID-19 pandemic, meetings are currently being held virtually.
Members of the public can provide feedback to the CAC by submitting comments or attending public meetings.
The CAC provides recommendations and advice to the CFPB, which the agency may consider when developing policies and regulations related to consumer financial issues.
The CAC has addressed a wide range of consumer financial issues, including payday lending, debt collection, credit reporting, and financial education.
More information about the CAC, including meeting schedules and agendas, can be found on the CFPB’s website.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/consumer-advisory-council/
- Modern Language Association (MLA):Consumer Advisory Council. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/consumer-advisory-council/.
- Chicago Manual of Style (CMS):Consumer Advisory Council. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/consumer-advisory-council/ (accessed: May 09 2024).
- American Psychological Association (APA):Consumer Advisory Council. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/consumer-advisory-council/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts