Messick Lauer & Smith P.C. has provided services to hundreds of credit unions and CUSOs nationwide and is known for its work with CUSOs, Incidental Powers, regulatory compliance, loan participation agreements, vendor contract reviews, business lending, mortgage lending, governance issues, mergers, and regulatory advocacy. The Firm enjoys a unique perspective of being at the cross-roads of credit unions, regulators, and private sector innovation that has enabled it to assist in the creation of forward thinking collaboration opportunities that generate significant income and cost savings for credit unions.
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Messick Lauer & Smith P.C. reposted this
The FFIEC today issued a new booklet to help examiners assess information technology practices. The “Development, Acquisition, and Maintenance” booklet is available at: https://lnkd.in/evAE5mS8 .
NCUA is reminding that comments on a voluntary regulatory review and request for comment to reduce the regulatory burden of federally insured credit unions are due by Wednesday, Aug. 21. #creditunions
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How much do you know about CUSOs, really? If you want answers to questions you didn't even know to ask, this podcast is a must-listen. Join Mike Heller from Messick Lauer & Smith P.C. and host Robert McGarvey here: https://lnkd.in/gX82Uian
Check out our newest episode of "In the CU!" In this podcast, Mike Heller, Jennifer Winston, and Michael Mulvey have a roundtable discussion about the latest hot topics in the credit union industry covering the Supreme Court's Loper Bright decision that overturned the Chevron doctrine, some of the latest regulatory actions at the CFPB, as well as an update on the FTC's final rule to ban noncompete clauses." #creditunions #CUSOs #regulatoryupdate #SCOTUS #CFPB #FTC
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The Energetic Swiss Army Knife of Getting Sh*t Done. Ensuring the future of finance works for everyone through innovation, advocacy, and collaboration.
PODCASTS + CREDIT UNION ADVOCACY? You betcha. NACUSO remains committed to advocating for regulation that helps #creditunions and #CUSOs thrive. How do we do it? Take a listen to NACUSO's 2024 Conference: Curious Conversations Podcast Episode 1 with Brian Lauer and Steve Salzer talking about #interchangefees and how important it is to get involved with credit union and CUSO advocacy if you want to see change. Look out for Steve's wisdom nugget: There is no "I" in advocacy. It will take more than a few organizations to sway decision makers. https://lnkd.in/gvC4iCuM
Will CUSOs be covered under the CFPB's new rule creating a registry of nonbank covered persons subject to certain agency and court orders? It depends. We cover what "nonbank covered person" means and how that may impact your CUSO in our newest article. #CUSOs #CFPB
Comments on this proposed rule are due by September 16th. If you need any help drafting your comment, please don't hesitate to contact our office. #NCUA #creditunions
The NCUA is accepting comments on a joint rulemaking related to incentive-based compensation that was approved by the NCUA Board at its July meeting. For more information and to submit a comment, please go to https://lnkd.in/ervztd_E. This proposed rule addresses incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 956 requires federal financial institutions regulators, including the NCUA, to issue joint regulations or guidelines requiring disclosure and reporting of compensation at financial institutions with more than $1 billion in assets.
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The NCUA recently published a Federal Register Notice requesting comments on proposed Profile changes for the December 2024 cycle. The comment period ends on September 24, 2024. You may submit comments using one of the following methods: - Federal Register Portal https://lnkd.in/eZCU58bA - Rulemakings and Proposals https://lnkd.in/ekPTtFx7 - Email – [email protected] Details of the December 2024 proposed changes can be obtained on the CUOnline webpage at https://lnkd.in/eWkXgkva.
We have seen multiple lawsuits regarding the FTC's rule to ban the use of noncompete clauses that have resulted in conflicting rulings. We will continue to monitor the issue. #creditunions #cusos #noncompete #FTC
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Ever wondered about the crucial role of Credit Union Service Organizations (CUSOs) in the technological evolution of credit unions? Dive deep into an enlightening conversation with Brian Lauer, a seasoned expert in CUSOs, law, and technology. Brian shares invaluable insights on how CUSOs are pivotal in fostering innovation, driving technological advancement, and facilitating essential partnerships between credit unions and fintech companies. Unpack the complexities of CUSO formation and learn about its strategic importance in enhancing credit union services, improving member experience, and navigating the legal landscape. This episode sheds light on the symbiotic relationships between credit unions, CUSOs, and fintech, highlighting collaborative efforts to push the boundaries of financial services. If you're keen to understand the legal and strategic frameworks that underpin the future of credit unions and their engagement with fintech innovations, this episode is for you. Listen now! https://lnkd.in/guJSaZMu #CreditUnions #CUSOs