CUs: Submit feedback on CFPB’s inquiry into credit card late fees

NAFCU sent members a Regulatory Alert Monday on the CFPB’s advance notice of proposed rulemaking (ANPR) inviting comment on questions related to credit card late fees that financial institutions, including credit unions, collect. The ANPR is an effort by the bureau to sharply reduce the $12 billion financial institutions collect in credit card late fees each year.

Today: NAFCU, CFPB webinar on assisting older CU members

NAFCU today will join the CFPB to host a webinar on how to assist older credit union members with avoiding fraud and financial exploitation. The webinar, slated to begin at 2:00 p.m. Eastern, will be hosted by NAFCU Regulatory Affairs Counsel James Akin, with presentations by CFPB Office for Older Americans Policy Analyst Kate Kramer and Content and Outreach Specialist Erin Scheithe.

NAFCU Reg Alert examines CFPB RFI on relationship banking and customer service

NAFCU Friday sent members a Regulatory Alert regarding the CFPB’s request for information (RFI) soliciting comment on how consumers can assert the right to obtain timely responses to requests for information about their accounts from banks and credit unions with more than $10 billion in assets, as well as from their affiliates.

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