Lawmakers echo NAFCU concerns about BOI reporting ‘escape hatch’

A bipartisan group of lawmakers, including House Financial Services Committee Chairman Patrick McHenry, R-N.C., and Senate Banking Committee Chairman Sherrod Brown, D-Ohio, called on the Financial Crimes Enforcement Network (FinCEN) to amend the proposed beneficial ownership information (BOI) reporting form, citing similar concerns as NAFCU about companies being able to avoid providing critical information.

Small decline in auto sales suggests retailers are adapting to affordability headwinds

Total vehicle sales declined in March, falling from 15 million annualized units in February to 14.8 million units, with monthly sales levels rising 9.2 percent year-over-year. NAFCU Economist Noah Yosif analyzes the data in a new Macro Data Flash report.

Nominations for NAFCU's 2023 Annual Awards now open

Credit unions have until May 12 to submit their entries for the NAFCU 2023 Annual Awards, which recognizes association member credit unions, professionals, and volunteers for their dedication and achievement within their institutions, communities, and the industry.

Get Recognized! Nominations now open for NAFCU’s 2023 Annual Awards

Get the recognition you, your colleagues and your credit union deserve for excellence and achievement. Entering is free and easy; nominations are open through May 12, 2023. Categories include:

• Credit Union of the Year  
• CEO of the Year  
• Professional of the Year 
• Volunteer of the Year 

This is a member-only benefit.

NAFCU Board nominating ballots sent today

The nominating ballots for NAFCU's 2023 board elections will be sent via email to members today. The deadline to submit the ballots is April 19.