Innovation is my passion and has been during my two decades of work in the credit union industry. In reviewing the NCUA's proposed CUSO regulation, I am more than a little concerned about the impact that it will have on the ability to foster innovation in our industry. 

At this time, I just can't see any upside to the proposed regulation.

My personal experience in working with the NCUA has largely been positive. As we worked to launch TMG Financial Services in 2007, we interacted with thoughtful people at the agency who are clearly committed to the credit union industry and were helpful in working with us to change the CUSO rule to allow for credit card loan origination CUSOs.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.