Credit Union Service Organizations (CUSOs)

Title:	Credit Union Service Organizations (CUSOs)
Subject:	CUSOs
Agency:	NCUA
Status:	Final rule
Summary:	The NCUA Board (Board) is seeking comment on a proposed rule that would amend the NCUA’s credit union service organization (CUSO) regulation. The proposed rule would accomplish two objectives: expanding the list of permissible activities and services for CUSOs to include originating any type of loan that a Federal credit union (FCU) may originate; and granting the Board additional flexibility to approve permissible activities and services. The NCUA is also seeking comment on broadening FCU investment authority in CUSOs.
FR Doc:	2021-23322
Date proposed:	Jan. 14, 2021
Comments due date:	April 30, 2021
Effective date:	Nov. 26, 2021
Rule compliance date:
Agency release:
Related Reg Report item(s):	Expanded CUSO lending, subordinated debt buys by corporates, CAMEL + ‘S’, risk-based capital issues get action by NCUA Board

FDIC Board to meet Thursday on deposit insurance fund restoration, Change in Bank Control Act

April 23, 2024 0

An update on the agency’s Deposit Insurance Fund (DIF) restoration plan and proposals related to the Change in Bank Control Act are the two discussion items on tap for Thursday’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board, [...]
CFPB taking comments for 30 days on last week’s nonbank designation rule

April 23, 2024 0

A revised procedural rule on how the consumer financial protection agency designates nonbanks for supervision is in effect now, according to a notice in Tuesday’s Federal Register, and comments from the public will be accepted until May 23. The Consumer [...]
Comments due June 18 on FDIC bank merger policy statement

April 22, 2024 0

Public comments on the federal bank deposit insuring agency’s proposed statement of policy on bank merger transactions are due June 18, according to a notice in Friday’s Federal Register. The proposed statement, issued March 21 by the Federal Deposit Insurance [...]
Nagging inflation pressures, leading to tight money, cited as biggest risk ahead for financial stability

April 22, 2024 0

Persistent inflationary pressures leading to a more restrictive than expected monetary policy stance is the most frequently cited risk to financial stability by researchers, academics and market participants, according to a report issued late Friday by the Federal Reserve. Other [...]