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Need for More Regulatory Compliance CUSOs Intensifies

OVERLAND PARK, Kan. -- As credit unions continue to keep up to speed on complying with new regulations, doing so may spawn the growth of CUSOs that specialize in regulatory compliance.

By Michelle A. Samaad | Updated on September 11, 2008

OVERLAND PARK, Kan. — As credit unions continue to keep up to speed on complying with new regulations, doing so may spawn the growth of CUSOs that specialize in regulatory compliance.

Mike Hales, partner with Rochdale Group Inc., a consultation services CUSO, predicts that the industry will move more in that direction, a shift that may benefit some smaller credit unions who struggle financially to stay within compliance.

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