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CFPB's Credit Union Advisory Council, which includes several NAFCU-member representatives, will discuss youth financial capability and debt collecting during a public meeting Sept. 1 in Washington.

NAFCU will attend the meeting, which is slated from 3:30-5 p.m. Eastern at CFPB headquarters.

At the end of July, CFPB released an outline of proposals under consideration that would place restrictions on how third-party debt collectors communicate with debtors and would simplify the process for those debtors who want to dispute their debt. NAFCU continues to analyze the provisions under consideration to assess any direct or indirect impact on credit unions.

CFPB's CUAC has 15 members, all of them from credit unions with $10 billion or less in assets. Newly appointed members serve two-year terms. The CUAC was formed under the Dodd-Frank Act to provide direct feedback to CFPB on its policy development, research, rulemaking and engagement functions.

CFPB is expected to announce newly selected CUAC members this month. The council has eight seats to fill.

Currently, several NAFCU members serve on CUAC, including:

• SAC Federal Credit Union President and CEO Gail DeBoer (Papillion, Neb.);
• Chevron Federal Credit Union Assistant Vice President of Compliance Katey Proefke (Oakland, Calif.);
• Orion Federal Credit Union Executive Vice President and CFO Jason Lee (Memphis, Tenn.);
• Heritage Trust Federal Credit Union President and CEO James McDaniel (Charleston, S.C.);
• Kirtland Federal Credit Union President and CEO David Seely (Albuquerque, N.M.); and
• MariSol Federal Credit Union CEO Robin Romano (Phoenix, Ariz.).