The CAB helps to strengthen the Bureau’s charge to serve and protect consumers by ensuring that the Bureau receives a wide range of insight, expertise, analysis and information about consumer finance market trends and practices.

The newly appointed board members include experts in consumer protection, financial services, community development, fair lending, civil rights, and consumer financial products or services. They also represent depository institutions that primarily serve underserved communities, and they represent communities that have been significantly impacted by higher-priced mortgage loans.

According to Jim Van Dyke, CEO of Javelin Strategy & Research, “the evolution of always-on, real-time innovations creates new opportunities for prosperity-focused, sustainable financial services capabilities. While regulation is often a method to prevent undesirable activities, I’m on the lookout for the next Check-21-like opportunity, so policymakers can open or hasten new innovations that help everyone win. In the weeks and months to come, I welcome hearing a variety of financial service leaders’ perspectives on how we can work together to shape more innovation-focused policy.”

Javelin Strategy & Research is focused on emerging technology capabilities for the financial services industry. By leveraging fact-driven, strategic insights from a wide variety of perspectives, Jim looks forward to helping CFPB drive sustainable prosperity for all participants in financial services — from consumers to banks to innovative technology providers.