Don’t Forget June 30th Deadline to Amend CUSO Agreements
Federally insured credit unions have until June 30th to amend their agreements with their CUSOs to incorporate new language required under the NCUA CUSO rule amendments of last year. Specifically, you need to ensure that your agreements include an assurance by the CUSO that it will provide NCUA and appropriate state regulators with basic profile information (and other information if they engage in certain complex or high-rick activities). [6/6/14]
