The League supports NCUA’s expansion of CUSO powers
Published by: kevin.miller
April 6, 2021 | Government Affairs
Credit Union Service Organizations (CUSOs) are an integral part of the credit union movement and provide credit unions with the auxiliary services they need to stay competitive and flexible in the ever-evolving financial industry. This is why the League fully supports the National Credit Union Administration (NCUA) proposed rule that would amend NCUA’s CUSO regulation. The proposed rule would accomplish two objectives: (1) expanding the list of permissible activities and services for CUSOs to include originating any type of loan that a Federal credit union may originate; and (2) granting the Board additional flexibility to approve permissible activities and services.
Please read the full comment letter and contact League Regulatory Counsel Chris Noble if you have questions or concerns about NCUA’s proposed changes.
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