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NCUA is proposing to amend its credit union service organization (CUSO) regulation to address certain safety and soundness concerns.

The proposal will expand the requirements of the CUSO regulation that applies to federally insured state-chartered credit unions (FISCUs) and will include investment limits for FISCUs that are ``less than adequately capitalized'' and requirements related to accounting and reporting by CUSOs owned by FISCUs.  Read  More