5 things to know this week

NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.

NAFCU Reg Alert highlights CFPB’s proposed registry of supervised nonbanks

NAFCU sent members a Regulatory Alert Thursday, highlighting the CFPB’s proposed rule to require supervised nonbanks to annually register information about their terms and conditions in a CFPB system. While the proposal does not impact how the bureau applies its authority to credit unions, the CFPB could use the registry to signal supervisory scrutiny of contractual provisions that may not be expressly prohibited by federal consumer financial law.

ICYMI: Berger touts CU difference, NAFCU’s ‘why’ in Business View

The latest issue of Business View magazine features an in-depth profile on NAFCU and an interview with NAFCU President and CEO Dan Berger. In the article – which kicks off a series in the magazine on the credit union industry – Berger touts the association’s purpose and why the credit union difference is a mission worth fighting for.

Engage 2023: NAFCU’s Annual Conference

Unforgettable experiences await your spouse/guests in Southern California. Plus, enjoy an extra tour you can enjoy together to see the best of the area alongside your spouse/guests! You’ll also discover solutions to help you build a bigger, better CU.
Save $200.00 with code ENGAGESAVINGS for a limited time only!

Auto sales see early gains in 2023

Total vehicle sales saw robust growth at the beginning of 2023 rising from 13.9 million annualized units in December to 16.2 million units in January, with monthly sales levels rising 7.2 percent year-over-year. NAFCU Economist Noah Yosif analyzes the data in a new Macro Data Flash report.