Biz Lending CUSOs Not Under Anti-Money Laundering Proposal By Michelle Samaad

Posted on July 27, 2009 by Guy Messick

FinCen (www.fincen.gov) has proposed extending anti-money laundering provisions to non-banks engaged in residential mortgage lending or origination. According to NACUSO General Counsel Guy Messick, the proposal does not include business lending CUSOs, but could impact those that provide mortgage lending or origination services.

Go to http://www.cutimes.com/News/2009/7/Pages/Biz-Lending-CUSOs-Not-Under-AntiMoney-Laundering-Proposal.aspx?k=cuso to read the entire article.

About Guy Messick

Guy Messick is an attorney with the law firm of Messick & Weber P.C. in Media, Pa., and NACUSO’s General Counsel. He provides legal and consultation services to credit unions and CUSOs. His firm maintains a website at www.cusolaw.com. He may be contacted at 610-891-9000 or gmessick@cusolaw.com.
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