The Independent Community Bankers of America has announced an expansion of its Preferred Service Provider program with Wolters Kluwer Financial Services.
According to a news release from ICBA, the service program will now include Wolters Kluwer's RESPA and Regulation GG tool kits, as well as Wolters Kluwer's suite of Regulation CC products.
According to the release, Wolters Kluwer's RESPA tool kit offers streamlined RESPA policy development through the company's PRINGLE Policies & Audit Procedures software, as well as employee training videos and an implementation and documentation guide. Its Regulation GG Tool Kit includes a 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. Lastly, the Regulation CC solutions 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 deposit software solutions. The company launched all three solutions in 2009.
The solutions were developed to help financial institutions deal with the barrage of regulatory changes prompted by the last year's economic landscape. "Over the past year, our nation's community banks have withstood an onslaught of new regulatory requirements even though they are common-sense lenders that have always worked in the best interest of their customers," said Dan Clancy, senior vice president of services at ICBA. "Wolters Kluwer Financial Services has helped community banks respond rapidly to these changes so they are not overburdened and can continue to serve their customers. ICBA is confident that Wolters Kluwer Financial Services will help its community bank members do the same with RESPA and Regulations CC and GG."
