CFPB Announces New Academic Council Members

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On April 22, the CFPB announced two new members of its Academic Research Council (ARC)—Raphael Bostic from the University of Southern California and Melvin Stephens from the University of Michigan. Dr. Bostic previously served as HUD’s Assistant Secretary for Policy Development and Research. Dr. Stephens’ research intersects labor economics, household consumption behavior, and aging and retirement issues. The announcement also provided an agenda for ARC’s April 25 closed meeting. Without providing further details, the agenda indicates that the ARC discussed, among other things, “methodological advances around disclosure” and “measuring costs and benefits of consumer financial protection regulations for consumers.”


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