How NCUA’s Financial Innovation Proposal Could Affect Credit Unions & CUSOs

Veteran CUSO/credit union attorney Brian Lauer, partner at Messick, Lauer & Smith, sat down with Host Sarah Snell Cooke, principal at Cooke Consulting Solutions, to talk about the NCUA's recent proposed rule, Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions, which is currently open for comment. Brian said this proposal goes a long way to helping keep credit unions relevant for members, particularly as it pertains to lending and technology. This is a can't-miss episode!

Show notes:

:00 A quick backgrounder on Brian

1:28 Highlights of the proposal

3:29 Facilitating lending, especially indirect

6:43 Practical impact of evolving technologies

8:38 Impact on participations

10:00 Indirect - Beyond the car loan & the role of CUSOs

11:36 Enhanced significance of CUSOs in the proposal

14:24 Awareness, Relevance & Tech

15:10 Regulations and timing vis a vis economic cycles

17:34 Writing regs for real people and solutions

20:18 Brians wish from the NCUA in 2023

22:53 Build v Buy

24:53 What Brian's looking forward to in 2023

Previous
Previous

Career Growth for Credit Union Professionals

Next
Next

Towpath Credit Union Has a New President and CEO