Also: Gulf Winds' Johnson touts benefits of CFO Network in Q&A; CFPB councils set to talk rulemakings underway
NAFCU TODAY | The News You Need Daily.
November 5, 2020
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NAFCU's Hunt shares where elections stand, what CUs can expect [ [link removed] ]
While votes continue to be counted in the presidential race and several Senate and House races, NAFCU's Carrie Hunt sent a message to credit unions Wednesday to give an update of where results currently stand and what the industry can expect in the coming months.
NAFCU Network Spotlight: Q&A with Gulf Winds CU's Dale Johnson [ [link removed] ]
Over the next several weeks, NAFCU Today will be giving credit unions an inside look at each of the seven NAFCU Networks – offered complimentarily to member credit union professionals – via a Q&A with a network member. Today's feature on the CFO Network comes from Gulf Winds Credit Union Executive Vice President of Strategy and Performance Dale Johnson. See what Johnson has to say about the benefits of the network, financial challenges credit unions should be prepared for in 2021, and more.
CUAC set to discuss small biz lending, consumer access rulemakings [ [link removed] ]
The CFPB's Credit Union Advisory Council (CUAC) is set to meet Nov. 18, alongside the bureau's other advisory councils, to discuss two of the bureau's ongoing efforts related to implementing the Dodd-Frank Act: Section 1071 for small business lending data collection, and section 1033 for consumer access to financial data.
Vehicle sales slow in October; NAFCU expects sales to remain steady [ [link removed] ]
Total vehicle sales slowed in October, falling from 16.3 million annualized units to 16.2 million during the month. NAFCU Chief Economist and Vice President of Research Curt Long noted that although monthly sales levels were down 3.3 percent from the previous year, sales had improved modestly from September if seasonal adjustments are ignored.
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