NAFCU Applauds NCUA’s Delay on CUSO Rule
Washington – National Association of Federal Credit Unions (NAFCU) President and CEO Fred R. Becker today hailed the National Credit Union Administration’s (NCUA) decision to delay the vote on the final rule on credit union service organizations (CUSO).
“NAFCU applauds the NCUA’s decision to delay issuing the final rule on credit union service organizations (CUSO). From the beginning, NAFCU’s efforts have been focused on opposing the rule as a costly and unnecessary regulatory burden proposed under questionable legal authority. We are pleased that NCUA heeded our concerns and is not taking action on the rule at this time. We will continue to press NCUA on this issue and all other attempts at over-regulation.”
The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.