CUNA will offer a free webinar to its members July 6 on the Consumer Financial Protection Bureau’s payday, small-dollar and vehicle title proposed rule.
Registration is now open for the webinar.
A recording of the webinar will also be available.
CUNA has a number of concerns with the CFPB’s proposal, which would add restrictions on payday, title, and high-cost installment loans that meet certain requirements. The proposal could affect credit union lending of all types, and could have a significant impact on operations as well, CUNA believes.
CUNA’s webinar will feature:
CUNA has already written a letter to the CFPB in advance of its formal comment letter, and asked the NCUA to consider the full impact of the CFPB proposal on credit unions' small-dollar lending programs.
Comments on the proposal are due to the CFPB by Sept. 14, and comments can be sent to CUNA by Aug. 31.