CFPB proposed rule targets nonbank contracts 

The CFPB issued a proposed rule yesterday to require nonbanks subject to its supervisory authority to annually register with the CFPB regarding their use of certain terms and conditions in form contracts for consumer financial products and services that pose risks to consumers. While the proposal does not directly affect how the bureau assesses terms and conditions used by credit unions, scrutiny of contracts used by supervised registrants could impact how credit unions conduct business with third parties.

New on the Compliance Blog: Posting rates online

As credit unions work to meet the needs of more than 134 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday. In addition to the blog earlier this week on new California laws that could impact credit unions, the latest post covers posting rates online.

NCUA offers new newsletter to bolster consumer financial literacy 

The NCUA Wednesday announced a new email newsletter aimed at sharing more information about financial literacy. The Financial Literacy & Outreach Newsletter will focus on consumer finance and education and will include insights on data and ways to enhance financial education programs.

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