For 20 years, NCUA capped how much indirect vehicle lending a credit union could run through any single servicer. That cap is about to disappear. The proposal, published in the Federal Register on March 25th, would eliminate Section 701.21(h) for federal credit unions and Section 741.203(c) for federally insured state charters. The waiver process goes with it. What replaces the concentration cap is board policy — limits set by each institution's leadership, calibrated to its