; (2) in section 1029(e), by inserting after Affairs, the following: if established under this title, ; and (3) in section 1035— (A) in subsection (a), by striking shall designate and inserting may designate ; and (B) in subsection (b), by striking The Secretary and inserting If the Secretary designates the Ombudsman under subsection (a), the Secretary . 726. Repeal of mandatory advisory board (a) In general Section 1014 of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5494 ) is repealed. (b) Clerical amendment The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the item relation to section 1014. (c) Rule of Construction Nothing in this section may be construed as limiting the authority of the Director of the Consumer Law Enforcement Agency to establish advisory committees pursuant to the Federal Advisory Committee Act. 727. Elimination of supervision authority (a) In general The Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481 et seq.) is amended— (1) in section 1002(15)(B)(ii)(I), by striking examination or ; (2) in section 1013(a)(1)(B), by striking compliance examiners, compliance supervision analysts, ; (3) in section 1016(c)— (A) in paragraph (5), by striking supervisory and ; and (B) in paragraph (6), by striking orders, and supervisory actions and inserting and orders ; (4) in section 1024— (A) in the heading, by striking SUPERVISION OF and inserting AUTHORITY WITH RESPECT TO CERTAIN ; (B) in subsection (a)— (i) in paragraph (1)(B), by striking as defined by rule in accordance with paragraph (2) and inserting as of the date of the enactment of the Financial CHOICE Act of 2017 ; (ii) by striking paragraph (2); (iii) by redesignating paragraph (3) as paragraph (2); and (iv) in subparagraph (A) of paragraph (2), as so redesignated, by striking 1025(a) or ; (C) by striking subsection (b); (D) by redesignating subsections (c), (d), (e), and (f) as subsections (b), (c), (d), and (e), respectively