CUNA was in attendance Thursday for the semi-annual meeting of the CFPB's Credit Union Advisory Council. The council advises the bureau on how its programs are impacting credit unions and is comprised of mostly CUNA members.
Comments on new information collection for the CFPB's complaint database are due to CUNA by Sept. 14, and to the bureau by Sept. 30. The CFPB requested approval to establish a new information collection.
CUNA will be in attendance Thursday as the CFPB Credit Union Advisory Council conducts its semi-annual meeting. The meeting will feature discussions about debt collection and youth financial literacy and will be streamed live.
The CFPB's rejection of a bipartisan call for regulatory relief is troubling and the bureau is strongly encouraged to reconsider, wrote CUNA and all 37 leagues representing all 50 states and the District of Columbia in a letter.
CUNA joined with 7 other trade associations Thursday asking for extension of the comment deadline for proposed revisions CFPB's Consumer Complaint Database. CUNA seeks to have the comment deadline extended by 45 days.
The NCUA’s final field-of-membership rule was published Wednesday, making it effective Feb. 6. The rule, finalized by the NCUA board in October, facilitates consumer access to credit unions and provides credit unions with more flexibility.