Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Because financial institutions use social media to market to consumers, facilitate new account applications and provide loan pricing, the Federal Financial Institutions Examination Council on Tuesday issued a notice and request for comment regarding guidance on the topic.

The proposed guidance will address the applicability of federal consumer protection and compliance laws, as well as social media policies for financial institutions and nonbank entities supervised by the Consumer Financial Protection Bureau.  Comments are due in 60 days.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.