While some in the industry would be opposed to a mandate that would require CUSOs to provide financial records to the NCUA and state regulators, a small minority are seeking another form of transparency.

That backing was expressed by a handful who wrote to the NCUA about the agency’s proposal that includes a hot button provision requiring federally insured, state chartered credit unions and federal credit unions to include in their agreements with CUSOs to submit a financial report directly to the NCUA and applicable state authorities.

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