CU Times Senior Staff Reporter
ALEXANDRIA, Va. — The industry's trade groups are hoping a number of suggestions will be strongly considered for a proposed CUSO rule that would add more activities to engage in and ease certain restrictions on expanding services to more members.
In April, NCUA proposed changing its CUSO rule (12 CFR Parts 712 and 741) by adding credit card loan origination and payroll processing services to the list of permissible activities. The proposal would also add new examples of activities within existing categories and would expand the scope of two categories of services to include persons eligible for credit union membership.
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