Faster Payments, Debt Collection on CUAC Agenda

The Consumer Financial Protection Bureau (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 rule-making 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. Additional information and registration is available here.

On June 6, the advisory councils will jointly meet and discuss the debt collection proposal, the Bureau's efforts to educate consumers on financial issues and trends in the mortgage market. Additional information and registration for the joint session is available here.

The CFPB renewed the CUAC's charter in March and opened applications for new council members. The application process closed May 5. The Bureau has not yet announced new members.