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Credit Union Service Organizations (CUSOs)

NCUA · final-rule · Published 2021-10-27 · Effective 2021-11-26 · 86 FR 59289

Document

Document number: 2021-23322
Federal Register citation: 86 FR 59289
CFR reference: 12 CFR 712
Type: Rule
Action: Final rule.
Category: final-rule
Agency: US National Credit Union Administration
Publication date: 2021-10-27
Effective date: 2021-11-26

Abstract

The NCUA Board (Board) is issuing a final rule that amends the NCUA's credit union service organization (CUSO) regulation. The final rule accomplishes two objectives: expanding the list of permissible activities and services for CUSOs to include the origination of any type of loan that a Federal credit union (FCU) may originate; and granting the Board additional flexibility to approve permissible activities and services.

Source

Authoritative: Federal Register document
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