Compliance

Coming March 31: League offers CUs free access to Infosight360

NEWS:  The League is excited to announce that all our member credit unions will soon have free access to InfoSight360 – a cutting-edge compliance tool specifically designed to keep credit unions nationwide informed and up to date on compliance.

InfoSight360 (formerly known as InfoSight) is a new integrated platform that gives credit unions a 360-degree view of available compliance resources. It will not replace, but supplement, The League’s extensive collection of compliance information. The compliance page on The League’s website will feature a prominent link to our dedicated InfoSight360 landing page.

The League will cover the cost for your entire team to access InfoSight360 access, making it available as a dues-supported benefit for all The League’s member credit unions.

InfoSight360 is expected to officially launch on March 31.

Bi-Monthly New & Updated ii Releases

NEWS:  The following ii Releases are new or recently updated. Revised text is indicated by blue text in each ii Release. We will not announce individual updates or update the revision date when we only make formatting or other insignificant changes. For example, we will not publish a revision note or update the revision date when we add a hyperlink, fix a typo, or make slight clarifications to the text. As always, we recommend that credit unions access ii Releases directly from the internet when needed so that you can be sure you are viewing the most recent version. Updates to the ii Releases are posted daily on our website here. 

Do business account or loan docs need a wet ink signature?

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 (608) 640-4050 or email.  

Q.  I recently discovered that our commercial team is requiring business account opening docs to be signed in person/wet signatures. I am looking for guidance that requires us to collect wet signature? I would like to make the suggestion to allow them to use electronic signatures for these documents but want to make sure there is not a requirement for them to be signed in person/wet.

Free elder financial abuse training available online

NEWS:  The Wisconsin Elder Justice Coalition has just released a free online training program to help credit union staff fight elder financial exploitation. Safeguarding Seniors: A Guide for Financial Institutions teaches participants how to recognize and respond to financial abuse of older credit union members.