Compliance

League supports NCUA plan to remove reputation risk from exams

NEWS:  Last week, The League filed a comment letter with the NCUA, expressing our support for their proposal to codify the elimination of reputation risk from the agency’s supervisory program.

State lowers escrow interest rate to 0.17% for 2026

NEWS:  The Wisconsin Department of Financial Institutions has announced that for 2026, the mandatory interest rate on certain required escrow accounts originated before April 18, 2018 will be 0.17% (down from 0.20% in 2025).

League supports changes to small business lending rule

    

NEWS:  Yesterday, The League submitted a comment letter to the CFPB, expressing our support for a proposal to revise the Bureau’s small business lending data collection rule.

As explained in The League’s ii Release No. B083, the rule requires financial institutions that do a certain amount of lending to small businesses to collect and report to federal authorities data about those loans.

The data includes basic information about the business and the loan, similar to the HMDA reporting requirement but for small business lenders. It also requires covered lenders to ask if the business applying is minority-owned, women-owned, or LGBTQ+-owned, as well as the applicant’s principal owners’ ethnicity, race, and sex. The rule is intended to help authorities enforce fair lending laws.

League updates safe deposit lease form

NEWS:  The League has updated its Safe Deposit Box Lease (WCUL #81071, Rev. 12/25) (Sample). Credit unions that currently subscribe to this form will automatically receive the new version in their email soon. A sample with all the changes to the text and fields highlighted can be downloaded here. The following changes were made to the form: