In the second part of our 2-part episode, the discussion about what has been going on at the CFPB with Jennifer Winston continues. The topics in Part 2 of this episode include an update about the current status of certain CFPB rules and Jenn and Mike do their best to discuss where the agency could go from here.

In a 2-part episode, Jennifer Winston joins the podcast to discuss what has been going on at the CFPB since the return of the Trump administration - it's been a lot! The topic in Part 1 of this episode is a discussion about the shifting focus and priorities of the CFPB with the return of the Trump administration and what it could mean for the credit union industry.

Jennifer Winston, Mike Mulvey, and Mike Heller break down the latest at the NCUA with the recent removal of Board Members Harper and Otsuka - the timeline of events, the current lawsuit, and what the NCUA may or may not be able to do with only a one member Board.

We are seeing an uptick in questions about the purchase of loan participations. Jenn Winston steps into the host chair to ask Mike Heller why loan participation purchases are attractive to both buyers and sellers, as well as what regulatory requirements buying credit unions should be aware of.

Mike Mulvey discusses what your credit union should be considering when acquiring an existing business to operate as a CUSO. We talk about how to legally structure these transactions, due diligence considerations in finding the right business, operating the business in accordance with CUSO regulations, and more!

We have a full house Messick Lauer & Smith podcast episode to discuss the impact of the 2024 elections on the credit union and CUSO industry. This full roundtable discussion covers the transition at the NCUA and CFPB and also includes a host of other relevant industry topics that we are all keeping an eye on as we move from the Biden administration to a second Trump administration.

Mike and Mike are on the podcast today to discuss what credit unions are thinking, and what CUSOs should be thinking about regarding data security and confidentiality protections in credit union due diligence and contract writing and negotiating. These protections are topics covered in every critical service contract and this podcast includes some tips and industry best practices to better help the information sharing and contract negotiation processes go smoother and more quickly.

Mike, Jenn, and Mike have a roundtable discussion about the latest hot topics in the credit union industry including the Supreme Court's Loper Bright decision that overturned the Chevron doctrine, some of the latest regulatory actions at the CFPB, and an update on the FTC's final rule to ban noncompete clauses.