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.
Key Takeaways:
Brian G. Lauer is a partner with the law firm of Messick Lauer & Smith P.C. and General Counsel to NACUSO, where he concentrates his practice on assisting credit unions, primarily through CUSOs, in finding effective ways to work collaboratively with other credit unions and third-party service providers to serve their members with non-traditional products and services. Brian also assists credit unions and CUSOs navigate the sea of regulations affecting nearly every aspect of their day-to-day operations. Brian has assisted countless CUSOs with developing strategic visions, goals and plans to generate growth organically and through acquisition and authored the book “CUSOs: How Credit Unions and Entrepreneurs Can Get Started (And Win) with Credit Union Service Organizations.”
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