Faster payments, debt collection on CUAC agenda

The CFPB’s Credit Union Advisory Council (CUAC) and other advisory boards will meet June 5-6 to discuss various issues affecting the industry, including faster payments and the bureau’s proposed rulemaking related to third-party debt collectors.

On June 5, the advisory councils will meet separately. CUAC will discuss faster payments, the bureau’s request for information (RFI) on remittances and initiatives to increase consumers’ savings. Learn more about the meetings and register to attend here.

NAFCU works hard to ensure credit unions’ perspective on a safer, faster payments system is considered as the Federal Reserve and other stakeholders work on the issue. The association and member credit unions have discussed the issue with Federal Reserve Bank presidents.

Additional information on the remittance RFI can be found in NAFCU’s Regulatory Alert, through which member credit unions can submit feedback until June 12.


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