CFPB Credit Union Council to Meet Sept. 1

CFPB Credit Union Council to Meet Sept. 1
August 17, 2016 Marketing GrafWebCUSO

The CFPB’s Credit Union Advisory Council will meet on September 1 to discuss debt collection and youth financial capability, the agency announced Wednesday.

The meeting will take place at 3:30 p.m. at the bureau’s office in Washington, D.C.

The meeting announcement, included in Wednesday’s Federal Register does not provide additional details about the agenda.

The agency recently issued an outline of its plans to issue rules concerning third-party debt collectors. At the time, credit union trade groups said that the rules would have little impact on credit unions.

However, the agency said it would begin the process of developing rules governing other non-third-party collectors.

In addition, the agency’s policy statement on youth financial education states, “We support policymakers by fostering connections among the financial education community and by providing tools, information, and insights to enhance K–12 financial education initiatives.”

The NCUA’s recently amended strategic plan sets promoting financial literacy as one of the agency’s goals.