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CFPB's Credit Union Advisory Council, which includes four newly appointed NAFCU member credit unions, is meeting with Bureau Director Richard Cordray today at 3:30 p.m. Eastern to discuss overdrafts and consumer complaints.

NAFCU will monitor the meeting for the discussion's potential impact on the industry. The association has raised concerns about CFPB's proposal to publish narratives with consumer complaints on its database. The proposal, if implemented, could raise reputational risk for credit unions, which already have robust procedures in place with NCUA to address member complaints.

Gary Stein, CFPB's deposits markets program manager, and Jesse Leary, the bureau's section chief over consumer and household research and policy, will lead the discussion on overdraft. Scott Pluta, CFPB's assistant director for consumer response, will discuss consumer complaints.

NAFCU member credit union representatives that were appointed to the CUAC in August include: Orion Federal Credit Union (Memphis, Tenn.) Executive Vice President and CFO Jason Lee; Heritage Trust Federal Credit Union (Charleston, S.C.) President and CEO James McDaniel; Kirtland Federal Credit Union (Albuquerque, N.M.) President and CEO David Seely; and MariSol Federal Credit Union (Phoenix, Ariz.) CEO Robin Romano.

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