NEWS: Are you looking for ways to catch up on the latest compliance “hot topics”? Would you like to meet and network with your fellow Wisconsin credit union compliance staffers? Then please join us for The League’s annual fall Compliance Roundtable. This year’s event will be on Thursday, Sept. 5, 2024, at the Best Western Premier Bridgewood Resort Hotel & Conference Center in Neenah, from 8:30 a.m. to 3:45 p.m.
You can learn more about the roundtable here and register here. (The League’s website is having intermittent issues, which we’re working to fix. If you cannot register online, then please email registration@theleague.coop.)
Here’s our agenda:
8:30 a.m. – 9:00 a.m.
Registration and Light Breakfast Snacks
9:00 a.m. – 9:05 a.m.
Welcome and Announcements
9:05 a.m. – 10:00 a.m.
Regulatory Update
Paul Guttormsson, Senior Vice President & General Counsel | The League
Paul will provide a Regulatory Update of recent and upcoming changes to state and federal laws related to credit unions.
10:00 a.m. – 10:15 a.m.
Break
10:15 a.m. – 11:00 a.m.
Truth in Savings (TIS)
Kim Hoppe, Director of the Compliance Specialist Program | The League
The Truth in Savings rule specifies what information the credit union must provide for consumer deposit accounts. In this session Kim will discuss:
- General disclosure requirements under TIS
- Timing of Account Disclosures
- Subsequent Disclosures
- Advertising
11:00 a.m. – 12:00 p.m.
OCU and NCUA Updates
Thomas Theune, Director of the Office of Credit Unions | Department of Financial Institutions
Tom will provide an update from the OCU and NCUA with a focus on cybersecurity, conversations around artificial intelligence (AI), and address your questions about exams.
12:00 p.m. – 12:45 p.m.
Lunch
1:00 p.m. – 2:00 p.m.
Currency Transaction Reports (CTRs)
Nikki Springer, Compliance Resource Manager | The League
Nikki’s session will cover:
- A general overview for completing CTRs; and
- Common CTR scenarios and how to complete the CTR in those situations.
2:00 p.m. – 2:15 p.m.
Break
2:15 p.m. – 3:15 p.m.
Common Scams & Frauds Targeting Seniors
Jeff Kersten, Outreach Specialist | Division of Trade & Consumer Protection | DATCP
The Wisconsin Bureau of Consumer Protection will discuss the details of common scams that target seniors, the warning signs of a scam, and what to do if you or someone you know falls victim to a scam or fraud. Helpful factsheets from The Bureau of Consumer Protection will be available. As Wisconsin’s lead agency for consumer protection, the Bureau of Consumer Protection at the Wisconsin Department of Agriculture Trade and Consumer Protection, provides information and education, mediates complaints, investigates cases, and takes enforcement actions to fight fraudulent and deceptive practices that harm consumers and honest businesses.
3:15 p.m. – 3:45 p.m.
Roundtable Discussion
3:45 p.m.
Adjourn
We hope to see you there!