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NAFCU Director of Regulatory Compliance Brandy Bruyere announced the association's new collection of compliance resources for credit unions related to the Military Lending Act, including the association's Final Rule report, webcasts and blog posts on the rule.

Bruyere said the collection also includes a guide to the rule's scope and applicability as well as a list of frequently asked questions. The rule's implementation deadline is Oct. 3, 2016.

"Compliance with the MLA can raise several operational and compliance challenges for credit unions," Bruyere said. "In particular, knowing which products are covered by the MLA and what contract terms may be prohibited will be important for credit unions as the deadline draws closer."

NAFCU has called for several amendments to the MLA to provide lenders with more transparency and consistency. In April, NAFCU and six other financial trades called for changes to adopted on an interim basis and made available for public comment.