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Washington
Inside Washington (12/30/2008)
* WASHINGTON (12/31/08)--The Federal Register Tuesday published the National Credit Union Administration’s final rule amending credit union service organization (CUSO) regulation. The rule was adopted Dec. 18. The amendment, effective Jan. 28, adds two new categories to permissible CUSO activities: credit card loan origination and payroll processing services. New permissible activities under the board's action are related to the routine daily operations of credit unions and include: real estate settlement services; employee leasing and support; purchase of non-performing loans; business counseling and related services for credit union business members; and referral and processing of loan applications for members turned down by the credit union ...


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