Final CUSO Rule Not as Onerous as the Proposed Rule
CUSO expert Guy Messick provides a summary of the new CUSO rule and points out the differences between the final rule and the proposed rule that had garnered significant criticism from the industry. Messick identifies the provisions of the rule that will now pertain to state-chartered, federally insured credit unions, as well as the new CUSO reporting requirements scheduled to go into effect at the end of 2015. [12/11]