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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 Compliance Updates
Credit Union Forms
PolicyAid
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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

Analysis Compliance Courier

Can credit unions (and members) recover attorneys’ fees in litigation?

Sep 17, 2020

ANALYSIS:  Credit unions – and their members – sometimes assume that if they wind up in court and win, the other side will have to pay their attorneys’ fees. That’s not usually true. In Wisconsin, the general rule is that each party in litigation is responsible for its own expenses, including attorneys’ fees. This is known as the “American rule.” (By contrast, the “English rule” makes the losing party pay the prevailing party’s costs and attorneys’ fees.)

However, there are exceptions, and this article will look at three of them:

  • The parties can contract for payment of attorneys’ fees.
  • A statute can provide for payment of attorneys’ fees.
  • State courts have carved out a few exceptions, including two recent opinions that both involved mortgage foreclosure cases.
News Compliance Courier

September webinar tackles compliance questions

Sep 15, 2020

NEWS:  The September installment of our monthly “Compliance Courier LIVE!” webinar series is coming up on Sept. 30, starting at 1 p.m. We'll tackle “Common Compliance Questions,” dividing the presentation into three parts:

  • Questions on decedents’ accounts. Kim Hoppe will discuss common issues that come up when an account holder passes away.
  • Questions on business accounts. Paul Guttormsson will talk about account opening, authorized signers, handling deposits, and other issues related to serving organizations.
  • Questions on lending. John Engel will address recent lending questions relating to PPP loan modifications, trusts, allowable fees/expenses on sale of collateral, and liability for dealer errors on indirect lending.
News Compliance Courier

IRS issues guidance on Social Security tax deferral

Aug 31, 2020
NEWS:  On Friday, the IRS released this notice implementing the Presidential order that was issued on August 8, 2020, allowing employers to defer withholding and payment of the employee's portion of the Social Security tax if the employee's wages are below a certain amount.
Q&A Compliance Courier

Can borrowers sign loan docs with an “X” or rubber stamp?

Aug 31, 2020
 

Q&A:  Here's a question that a Wisconsin credit union recently asked The League's Legal Affairs team, along with our answer. Do you have a compliance question? Contact The League's Compliance Hotline at (800) 242-0833 or email.

Q.        We are closing a loan for a member who has MS. They want to sign everything using a stamp they have with their name on it because they can’t physically sign the documents. Is a stamp permitted or can they sign by making an “X”?

Compliance Events

Aug
12

Cyber Webinar Series

On-Demand Webinar
This four-pack of cybersecurity webinars includes: ** Layered Cybersecurity: Finding the Best Strategy for Your Credit Union ** Cybersecurity Assessment Tool 2.0 & GLBA Privacy ** GLBA Security Expectations, Internal Controls & the Human Factor ** Building & Sustaining a Cyber Intelligence Unit (CIU). A savings of over $100.
Aug
20

Risk Officer Webinar Series

On-Demand Webinar
This webinar four-pack for risk officers includes: ** The 15 Worst Security Mistakes ** A Year in the Life of a Compliance Officer: Tips, Tools & Annual Requirements ** Advanced BSA Officer Training: Risk, Compliance & Real-Life Scenarios ** Risk Management Officer: Expectations & Responsibilities. A savings of $100.
Sep
01

YP Be U Virtual App Conference

Webinar
A little bit conference, a little bit boot camp, a little bit meetup and a lot of fun - all rolled together on a social learning app.
Sep
22

Hike the Hill Virtual 2020

Webinar
The League’s annual Washington D.C Hike the Hill event will be a virtual event this year.
Sep
23

UCC-1 & UCC-3 Financing Statements Line-by-Line: Filing, Amending & Renewing

Webinar
This webinar will explain how to properly complete each section of the UCC-1 and where to file it in every type of consumer and commercial situation. In addition, filing a UCC-3 Financing Statement Amendment is required in various situations, such as when your institution needs to extend, amend, assign, or terminate an existing UCC filing. Learn when you must file the UCC-3 and how to properly complete it.
Sep
23

Madison Chapter Meeting 2020 - September

Webinar
Chapter Meeting via Zoom | Bingo