; Public Law 102–550 )); or (B) a rural area (as defined in section 343(a) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1991(a) ); and (3) ensure that any residential energy efficiency or distributed clean energy project in which the Bank invests directly under subsection (a)(2) and provides financing to a consumer directly or through a program funded directly or indirectly by the Bank complies with the requirements of the Consumer Credit Protection Act ( 15 U.S.C. 1601 et seq.), including, in the case of a financial product that is a residential mortgage loan, any requirements of title I of that Act relating to residential mortgage loans (including any regulations promulgated by the Bureau of Consumer Financial Protection under section 129C(b)(3)(C) of that Act ( 15 U.S.C. 1639(b)(3)(C) )). 5245I. Board of Directors (a) In general The Bank shall operate under the direction of a Board of Directors, which shall be composed of 7 members from private, government, nonprofit, and other groups, of whom— (1) 1 shall be the Secretary of the Treasury (or a designee); (2) 1 shall be the Secretary of Energy (or a designee); (3) 1 shall be the Director of the Bureau of Consumer Financial Protection (or a designee); and (4) 4 shall be appointed by the President, with the advice and consent of the Senate, of whom— (A) 1 shall have expertise regarding renewable energy or energy efficiency; (B) 1 shall have expertise regarding finance; (C) 1 shall have expertise in industrial processes and manufacturing; and (D) 1 shall have expertise regarding sustainable transportation. (b) Quorum Five members of the Board shall constitute a quorum. (c) Bylaws (1) In general The Board shall adopt, and may amend, such bylaws as are necessary for the proper management and functioning of the Bank. (2) Officers In the bylaws described in paragraph (1), the Board shall— (A) designate the officers of the Bank