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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 compliance@theleague.coop.

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

News Compliance Courier

CFPB revokes parts of payday lending rule, sets effective date

Jul 9, 2020

NEWS: The Consumer Financial Protection Bureau (CFPB) issued a final rule Tuesday that revokes the mandatory underwriting provisions of its 2017 Payday, Vehicle Title, and Certain High-Cost Installment Loans rule. Credit unions offering loan products subject to the rule will need to comply with the payments provisions of the rule which are left in place.

The now-revoked underwriting provisions would have required lenders to make a reasonable determination, using the standards in the rule, that the consumer have the ability to repay a covered loan according to its terms.

 

News Compliance Courier

DFI agrees with League & OKs attorneys' fee provisions as "harmless to consumers"

Jul 8, 2020

NEWS: In mid-June, we told you that The League had written to the Wisconsin DFI (Department of Financial Institutions), defending attorneys’ fee provisions in several third-party loan agreements. The Wisconsin Bankers Association and the Wisconsin Financial Services Association joined us in signing the letter, which was prepared by our outside counsel, the Husch Blackwell law firm.

Today, the DFI issued its reply, approving each of the attorneys’ fee provisions presented to them, as The League had urged them to do. The DFI said that the provisions were “harmless to consumers.” Their position is a win for credit unions and other consumer lenders statewide.
 
News Compliance Courier

ACH Contact Registry rule effective July 1, 2020

Jul 1, 2020

NEWS:  Have you ever tried contacting someone in an ACH department at Fifth Third, BoA, Chase, or Wells Fargo?  Good luck with that! 

Nacha has implemented a new rule that should help. Effective today, all financial institutions participating in the ACH network are required to register contact information with Nacha for personnel or departments responsible for ACH operations and fraud/risk management. This contact information will be available for other registered ACH participating financial institutions for operational, fraud and risk management issues in the ACH Network.

News Compliance Courier

DATCP extends industrial hemp rule; FinCEN offers more guidance

Jun 30, 2020
NEWS:  Less than two weeks ago The League published a Compliance Courier about Recent hemp and CBD news, including NCUA’s latest guidance and the status of Wisconsin’s industrial hemp program. Now there are two more developments to report:

Compliance Events

May
28

Growth & Transformation Webinar Series

On-Demand Webinar
This four-pack of marketing and sales webinars includes: ** Driving Engagement with Facebook, Twitter & Instagram ** Digital Marketing Strategies: What’s Working in 2020? ** Attracting Millennials: The Next Generation of Revenue ** Leveraging LinkedIn for Lenders. A savings of over $100.
Jul
16

HMDA: Still a Four-Letter Word

Webinar
Join us to learn about HMDA’s coverage test, data points,exemptions, and more. Participants will receive a customizable HMDA compliance policy.
Jul
20

Regulation E Myth Busters

Webinar
Join us to ensure your financial institution is appropriately handling Regulation E to increase accountholder satisfaction, decrease examination findings, and minimize loss for your financial institution.
Jul
21

FiCEP | Module 4

Webinar
The Financial Literacy Counseling Certification Program (FiCEP) is a comprehensive training program allowing you to earn your CCUFC designation.
Jul
21

Responding to Garnishment & Levy Demands

Webinar
This webinar will cover all aspects of garnishments and levies, and the situations in which they are served. Learn the steps in properly handling these legal documents, such as identifying accounts, placing account holds, answering interrogatories, notifying the accountholder, and remitting funds. You also will learn the special requirements and procedures for accounts that receive federal benefit payments.
Jul
22

Call Report Financial Statements B-E

Webinar
This session will provide tips, tricks, and relevant examples that will assist you in the preparation of the quarterly Call Reports.