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The CFPB on Wednesday issued a request for information (RFI) on the effectiveness of the bureau's consumer financial literacy programs, including the delivery of program tools and resources. This RFI is due to be published in the Federal Register next week and will be open for comments for 90 days.

This RFI is the 11th in a series of requests to obtain public feedback on how to improve the CFPB's functions and outcomes for consumers and the entities it regulates.

The bureau, in this request, is seeking public input on how its financial education programs can be improved for both consumers and covered entities. Comments are encouraged on ways the CFPB can reduce duplication within these programs and their overall efficiency.

NAFCU's latest Economic & CU Monitor report on financial literacy and community outreach revealed that roughly 94 percent of survey respondents' credit unions offer some kind of financial literacy program.

NAFCU has provided member credit unions with more details and the opportunity to comment on the CFPB's RFIs through Regulatory Alerts, which can be accessed here. The association will send a Regulatory Alert on this RFI once it is officially published for comment.

The CFPB's next RFI, set to be issued next week, will address consumer inquiries.