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The Consumer Financial Protection Bureau said it will seek comments from the public on effective strategies for improving consumer financial literacy that are consistent with the national strategy set by Financial Literacy and Education Commission.

The CFPB's request for comments will appear soon in the Federal Register. In reviewing feedback from the request, the CFPB will focus on key attributes of financial literacy programs that will help consumers increase their savings and reduce financial distress.

Under the Dodd-Frank Act, the CFPB is responsible for developing and implementing a program that improves the financial literacy of consumers.

NAFCU will issue a Regulatory Alert for members.