NACUSO’s Legislative, Regulatory Agenda Touches Timely Issues
An expansion of product and services by CUSOs and the removal of the 12.25% member business lending cap are just two of the issues the National Association of Credit Union Service Organizations will focus on this year.
The association released its 2011 legislative and regulatory agenda today. NACUSO said it plans to support all regulatory initiatives at the federal and state level to expand authorized products and services that can be offered by CUSOs. This includes streamlining of the authorization process for such products and services, should advance approval of the appropriate regulatory agency be required in limited circumstances.