Community Bankers, Wolters Kluwer Expand Relationship

Posted by Orb Staff on January 05, 2010 No Comments
Categories : Residential Mortgage

The Independent Community Bankers of America (ICBA) has expanded its preferred service provider program with Wolters Kluwer Financial Services to include the company's RESPA and Regulation GG Tool Kits, as well as the company's suite of Regulation CC products. Wolters Kluwer Financial Services introduced all three solutions to financial institutions in 2009 to help them address regulatory changes.

‘Over the past year, our nation's community banks have withstood an onslaught of new regulatory requirements, even though they are commonsense lenders who have always worked in the best interest of their customers,’ says Dan Clancy, senior vice president of services at ICBA.

Under the terms of the expanded relationship, Wolters Kluwer Financial Services will provide ICBA community bank members with access to the following solutions:

  • the RESPA Tool Kit, which offers streamlined RESPA policy development through the company's PRINGLE Policies & Audit Procedures software, employee training videos, and an implementation and documentation guide;
  • Regulation CC solutions, which include training webinars, standard and up-to-date initial funds availability disclosures, change notices, updated funds availability lobby posters, PRINGLE software, and revisions to Wolters Kluwer Financial Services deposit software solutions; and
  • the Regulation GG Tool Kit, which features a sample Regulation GG policy, an implementation guide and audit procedure checklist, staff training materials, an Unlawful Internet Gambling Notice for use with customers, and PRINGLE software.

SOURCES: Wolters Kluwer Financial Services, ICBA

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