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Brian Lauer

Brian Lauer

Aug 17, 2026

15:23
Okay.
15:24
It's only a limitation in the lending powers to CUSOs.
15:28
The NCUA, when it wrote the regulations for the first time back in the '90s for CUSOs, well, I think they had an earlier version, but the, the most robust sort of modern version was in the '90s, and when they wrote that reg, they conflated the investment and loan together and made them have to primarily serve u- u- under investments and loans, right? That's sort of how the reg was, was crafted.
15:52
So what our position on that from a legislative perspective is, the investment powers have always not had a limitation of, of, uh, of primarily serving.
16:02
That should not be a limitation to lending as well, instead of going the opposite direction.
16:07
And I don't see why that, from a legislative perspective, has a lot of basis in policy reasons or safety and soundness reasons for the federal credit unions to be able to not invest in a company that is serving the credit union industry.
16:22
So you want it to be in the, the, as part of the routine operation of credit unions.

7 MINS LATER

23:24
So let's, your take on what's going on in, in that arena as it relates to CUSOs, et cetera.

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