Join Brian Lauer, partner with the law firm of Messick Lauer & Smith P.C. and General Counsel to the National Association of Credit Union Service Organizations (NACUSO), for a deep dive into the National Credit Union Administration’s (NCUA) recent final rule on financial innovation. This rule revised Parts 701 and 714 of the NCUA’s regulations regarding the purchase of loan participations and the purchase, sale, and pledge of eligible obligations and other loans. The final rule offered greater flexibility for federally insured credit unions to take advantage of new technology partnerships with fintechs. NAFCU has strongly supported more opportunities for credit unions to develop strategic partnerships to provide more and improved products and services to members.
- Understand what the rule does and does not do, the impetus behind the rule, and what it could mean for your credit union;
- Hear expert analysis on the rule’s underwriting requirements and how that fits with the use of automated technologies like artificial intelligence and machine learning; and
- Learn about additional potential areas for improvement to the NCUA’s regulations to facilitate even more credit union partnerships to help you grow your business.