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NACUSO Urges NCUA Caution on MBL Programs, Personal Guarantees

CUSO association expresses concerns about regulatory targeting hindering solid business lending programs.

By Michelle A. Samaad | Updated on May 17, 2013

While NACUSO acknowledges the NCUA must make risk management a priority when it comes to business lending, the association has expressed concerns about the regulator targeting all CUSOs and credit unions.

NACUSO expressed those concerns in a May 6 letter to Larry Fazio, NCUA director of examination and insurance, regarding the agency’s letters to credit unions that deal with the safety and soundness of business lending programs.

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