Ian Lampl, CEO of LoanStreet, and Rick Wargo, COO of Compliance 4 Credit Unions, to Discuss Current Compliance Topics for Participations, Eligible Obligations and Indirect Loans
NEW YORK, NY—May 11, 2021—LoanStreet Inc. is pleased to announce that it will be hosting a live discussion addressing compliance rules and practices that credit unions need to navigate upon entry into the participations market. This discussion will cover the distinctions between participations, eligible obligations, and indirect loans and, in particular, how successful credit unions have operationalized initial programs or scaled existing activities.
“The industry often refers to any loan shared between and among credit unions as a participation, but the regulatory framework that allows credit unions to share loans is actually much broader and ultimately more flexible than most realize.” Ian Lampl, CEO of LoanStreet, said. “I’m looking forward to sharing our insights along with hearing from Rick Wargo how he advises clients across the size spectrum on compliance and operations best practices for participations, eligible obligations and indirect loans. Proper execution ensures that credit unions will never miss opportunities to optimize their loan portfolios.”
Date: Wednesday May 26, 2021
Time: 1:00 PM to 2:00 PM Eastern Time
About LoanStreet Inc.
LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders. LoanStreet was founded in 2013 with the mission to create a more efficient, transparent, and robust way of administrating loans and connecting the lending market. LoanStreet’s nationwide network of hundreds of financial institutions gives lenders the ability to profit and grow by combining technology and dedicated expertise to mitigate the constraints otherwise caused by geography, size, or concentration limits. 1,000 financial institutions now use LoanStreet’s software solution to successfully do business with each other and maximize the potential of their respective organizations. LoanStreet was co-founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan sharing platform.
About Compliance 4 Credit Unions, LLC
Compliance 4 Credit Unions, LLC (C4CU) is a dynamic Credit Union Service Organization that delivers comprehensive compliance support to credit unions through a collaborative approach that leverages the knowledge and experience of its entire network of credit union partners. Through engagement with all disciplines, C4CU provides a comprehensive compliance package that implements emerging rules and regulations that demonstrates its credit union clients' compliance management efforts.