Also: Latest news from Treasury on CBDC, other agencies to know this week; CFPB releases BNPL report

March 3, 2023

NAFCU’s Berger, NCUA Chairman Harper meet to discuss GHGR Fund ([link removed] )

NAFCU President and CEO Dan Berger Thursday met with NCUA Chairman Todd Harper to discuss how credit unions can get involved with the Greenhouse Gas Reduction (GHGR) Fund to support projects that reduce greenhouse gas emissions and air pollution in low-income and disadvantaged communities.

Updates from 5 agencies to know this week ([link removed] )

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.

CFPB outlines risks, benefits of BNPL programs ([link removed] )

The CFPB Thursday released a report on the financial profiles of consumers who use Buy Now, Pay Later (BNPL) programs. The bureau found that these borrowers often exhibit higher measures of financial distress compared to non-borrowers. NAFCU has flagged concerns with these unregulated programs, calling on the bureau to ensure companies that offer them have adequate oversight and consumer protection practices.

CEOs and Senior Executives Conference ([link removed] )

You’ll explore the state of the workforce, business and commercial lending trends, network with other leaders and more. Save $200.00 with code CEOSAVINGS for a limited time.

VIEW AGENDA ([link removed] )

NAFCU’s Mesack provides industry updates from February ([link removed] )

In February, the CFPB proposed a rule to limit the safe harbor on credit card late fees. NAFCU has consistently fought against this idea as it will unfairly and negatively impact credit unions and their members. Credit unions are encouraged to complete a NAFCU survey on credit card late fees to help the association gather information on industry practices to better educate the bureau on this issue.

Auto sales decline as affordability issues persist ([link removed] )

Total vehicle sales declined in February, falling from 16.4 million annualized units in January to 15.3 million units and monthly sales levels rising 11.8 percent year-over-year. NAFCU Economist Noah Yosif analyzes the data in a new Macro Data Flash report.

NCUA issues two prohibition orders in February ([link removed] )

The NCUA issued two prohibition orders in February, prohibiting individuals previously associated with credit unions from any future participation in the affairs of a federally-insured depository institution.

NAFCU, CUs celebrate America Saves Week ([link removed] )

This week was America Saves Week – this year’s theme, “A Financially Confident You,” explored ways to support consumers through various financial milestones. NAFCU celebrated credit unions’ efforts to help Americans’ save successfully by highlighting member stories that exemplified the daily themes throughout the week.

1042405642_More-Indirect-Loans_DIGITAL_v1_167x300 ([link removed] )

NAFCU CALENDAR ([link removed] )

MAR

9
ALM Guidance to Inform Big Decisions ([link removed] )

Webinar

MAR

13 - 17
Regulatory Compliance School ([link removed] )

Arlington, VA

MAR

15
Exponential Fraud Exposure: Reg II Awareness ([link removed] )

Complimentary Webinar

MAR

16
AI Lending Partnerships and the Power of Efficiency ([link removed] )

Complimentary Webinar

MAR

17
CFPB - Credit Card Penalty Fees (Regulation Z) ([link removed] )

Comments Due to NAFCU

MAR

20
CFPB - Registry of Supervised Nonbanks That Use Form Contracts ([link removed] )

Comments Due to NAFCU

MAR

21 - 23
Strategic Growth Conference ([link removed] )

Nashville, TN

MAR

24
CFPB - Request for Information Regarding Consumer Credit Card Market ([link removed] )

Comments Due to NAFCU

Get Year-Round Training for Your Entire Staff, at One Low Price! ([link removed] )

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