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June 15, 2012

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Brian Lauer, Messick & Lauer

The NCUA have repeatedly stated over the last few months that the extensive reporting requirements will be for lending and IT CUSOs. Let's hope that our voices were heard and that this reporting structure is not extended to all CUSOs as originally proposed.

Also, staff have repeatedly told us that implementation will be delayed for at least six months to allow time for current CUSOs to comply.

Steve Van Beek

Brian,

Thanks for the comment - we've been hearing the same things. Carrie Hunt touched on these issues yesterday during our NAFCU Member Call-in as well.

- Steve

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