To our clients and friends:
On September 21, 2023, the National Credit Union Administration Board unanimously approved a final rule designed to give federally-insured credit unions additional flexibility to use advanced technologies and to partner with fintechs. Our Alert discusses the provisions of the new regulation and the legal and regulatory considerations relevant to credit unions’ fintech partnerships.
Luse Gorman routinely advises credit unions on compliance issues and regulatory questions, and counsels those institutions on the impacts of new developments at the federal and state level. To learn more about our firm and services, please visit our website.
Our Alert regarding the final rule is available here.