CUAC meeting talks small business data collection, financial literacy
November 4, 2021
The Consumer Financial Protection Bureau (CFPB) conducted its Credit Union Advisory Council (CUAC) meeting Thursday, the first with the current set of members. All members of the CUAC come from CUNA member credit unions, and CUNA attended the meeting.
The meeting included a discussion of the CFPB’s small business lending data proposal, age-friendly banking, and youth financial literacy.
The CUAC advises the CFPB on regulating consumer financial products or services, and shares information, analysis, and recommendations to better inform policy development, rulemaking, and engagement work.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
