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Compliance

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Gear Up with Our Unbeatable Compliance Resources

Compliance is one of the most in-demand League services. Our experts can help reduce credit unions' exposure to regulatory penalties, prepare credit unions for visits by regulators, and protect your credit union and its members from liabilities that have the potential to affect income, member service, reputation, and more.

Have a compliance question? Contact The League's Compliance Hotline at (608) 640-4050 or email [email protected]

Topics A to Z
Recent ii Release Updates
Credit Union Forms
PolicyAid
COVID-19 Resources & Updates

Regulatory Calendar

Regulatory Calendar

Be prepared. State and federal regulatory deadlines of note available for reference, including a printable PDF version.

Compliance Specialists Program

Compliance Specialists Program

Our staff-sharing program allows credit unions of any size or budget to access expert, League-trained, state-specific compliance help.

ii Releases

ii Releases

Complete collection of all of The League's ii (important information) Releases, including general and lending releases.

Compliance Couriers

News Compliance Courier

Court decision lowers HMDA's closed-end loan reporting threshold

Dec 7, 2022
NEWS:  On September 23, 2022, the U.S. District Court for the District of Columbia issued an opinion vacating a 2020 CFPB final rule under the Home Mortgage Disclosure Act (HMDA), related to the threshold for reporting data on closed-end mortgage loans. That decision means that the threshold for reporting data on closed-end mortgage loans is now 25 loans in each of the two preceding calendar years (the threshold established by a 2015 HMDA rule) rather than the 100 loan threshold set by the 2020 HMDA rule. This makes more credit unions responsible for collecting and reporting HMDA data.
News Compliance Courier

League partners with Husch Blackwell for free "HR Legal Line"

Nov 30, 2022

NEWS:  The League is pleased to announce that it has arranged to offer member credit unions free access to the Husch Blackwell law firm for help with human resources (HR) questions, starting Dec. 1. 

As a League-paid membership benefit, the new “HR Legal Line” provides a credit union with up to an hour of free help per month from the law firm’s team of experienced labor & employment law attorneys.
 
The HR Legal Line is part of The League’s continuing efforts to improve access to employment law services for our credit unions. (Husch Blackwell, which is The League’s outside counsel, also updated The League’s Model Credit Union Employee Handbook for us earlier this year. For details on that handbook, see this March 8 Compliance Courier.)
 
The service is officially known as “Husch Blackwell’s HR Legal Line: An HR Support Service of the Wisconsin Credit Union League.” 

News Compliance Courier

Replace your federal workplace discrimination poster

Nov 14, 2022
NEWS:  In October, the U.S. Equal Employment Opportunity Commission (EEOC) introduced a new “Know Your Rights” workplace poster. The new poster replaces the now-outdated “Equal Employment Opportunity is the Law” poster.
Analysis Compliance Courier

CUs can charge dormant/inactive account fees, but unclaimed property law has its limits

Nov 4, 2022

ANALYSIS:  The League recently revised its ii Release No. 0008 – “Dormant Accounts,” to keep up with changes made this year to Wisconsin’s unclaimed property laws. (We recapped those changes in this Compliance Courier.) 

As the release now explains, credit unions in Wisconsin are generally free to charge dormant account fees or inactive account fees (the terms seem interchangeable), so long as members have agreed to pay them and they’ve been disclosed properly. However, once an account becomes “abandoned property” under Wisconsin’s unclaimed property laws and must escheat to the state, then credit unions face a few legal limits if they want to continue charging such fees or to impose an escheatment  fee. 

Compliance Events

Dec
12

Madison Chapter Meeting - December 2022

In-Person
Pints & Politics
Dec
13

YP Boot Camp

In-Person
Join other credit union young professionals for this opportunity to network and gain valuable skills to support you and your CU career.
Dec
13

Consumer Account Documentation: Best Practices

Webinar
Opening a new account is detail intensive. There are so many types, so many rules, so much documentation – and innumerable opportunities for mistakes. Up your game by attending this robust webinar that will answer all your account documentation questions and instill best practices.
Dec
13

Chippewa Valley Chapter Meeting - December 2022

In-Person
Auction Night Fundraiser
Dec
14

How to Handle & Respond to Subpoenas, Summonses, Garnishments & Levies

Webinar
This webinar will explain these legal processes and the situations in which they can be served on your institution. It will describe proper handling, such as determining what information can and can’t be disclosed, identifying accounts, placing account holds, answering interrogatories, notifying the accountholder, and remitting funds. The special requirements and procedures for accounts that receive federal benefit payments will also be included.
Dec
14

FedNow Risk Assessments & Fraud Controls

Webinar
FedNow is nearly here! This new payment channel will require proper planning and risk assessment. Join us to learn and prepare for working with the FedNow service while also managing risk and product compliance.