WASHINGTON, Dec 5 (Reuters) - The U.S. Consumer
Financial Protection Bureau will next week convene its expert
consumer advisory panel to discuss ending anti-discrimination
policies, and a recent proposal to narrow civil-rights-era fair
lending regulations, among other recent policy changes,
according to an agenda seen by Reuters.
The gathering of its Consumer Advisory Board, which the CFPB
is legally required to convene twice a year, follows its
proposal at the White House's direction to curtail regulations
that seek to prohibit commercial practices that effectively
result in discrimination regardless of intent.
The panel comprises outside experts and business people to
advise and consult with the agency. The panel will hold those
two mandated meetings on Wednesday, the agenda shows.
Current panel members include private-sector and nonprofit
advocates for access to housing who have been on the board since
before President Donald Trump came to power and overhauled the
agency's leadership.
Due to speak at the event are representatives of Chicago
mortgage firm Townstone Financial, which settled with the CFPB
over allegations of racial discrimination last year, and
executives from Credova, a buy-now, pay-later firm specializing
in firearms. James Giudice, general counsel at Credova's parent,
PublicSquare, a politically connected investment fund,
will also speak, according to the agenda.
The Trump administration in August dropped a CFPB investigation
into Credova's practices, asserting that it had been politically
motivated. A federal court blocked the agency from trying to
undo its court-approved settlement with Townstone.
Representatives for the CFPB, Townstone and PublicSquare did
not immediately respond to requests for comment.