An expansion of product and services by CUSOs and the removal ofthe 12.25% member business lending cap are just two of the issuesthe National Association of Credit Union Service Organizations willfocus on this year.

The association released its 2011 legislative and regulatoryagenda today. NACUSO said it plans to support all regulatoryinitiatives at the federal and state level to expand authorizedproducts and services that can be offered by CUSOs. This includesstreamlining of the authorization process for such products andservices, should advance approval of the appropriate regulatoryagency be required in limited circumstances.

NACUSO said it also supports a legislative initiative to removethe 12.25% cap on member business lending and increase the minimumto be considered a member business loan to $200,000. It is backinga regulatory initiative to allow CUSOs and credit unions with aproven track record of effective risk management in the businesslending field to approve business loans for otherwise qualifiedentities without a personal borrower guarantee whereappropriate.