MONTREAL and MADISON, Wis. (12/2/13)--CUNA Strategic Services Inc. has chosen Silanis Technology as its exclusive electronic signature provider for U.S. credit unions.
Through the alliance, credit unions will benefit from significantly reduced pricing and the reassurance that CSS has performed extensive due diligence and chosen an e-signature solution appropriate to address the unique needs of credit unions, said CSS.
CSS sought an alliance in this product set because it recognizes as the pressure mounts for credit unions to stay compliant with changing regulations, they must also continue to find new growth opportunities, especially with the youth market. CSS recognizes these challenges and, through offering Silanis' e-SignLive, is providing access to technology that will help credit unions improve compliance, reduce risk, and lessen operational costs, said Wes Millar, CSS senior vice president.
"Electronic signatures can help credit unions expedite new member on-boarding and loan processing for members while ensuring business rules and compliance standards are being met," said Millar. "Silanis is a proven leader in the industry, processing more than 600 million documents annually."
CSS evaluated several major e-signature vendors and selected Silanis, based on the solution's flexibility, legal protection and ease of use.
"E-signatures align perfectly with the desire from credit unions to provide superior service, greater transparency and a reduced carbon footprint," said Silanis Technology CEO and co-founder Tommy Petrogiannis. The alliance with CSS "will make it even easier for a greater number of credit unions to get started with e-signatures," he said.
Silanis recently started working with Sharonview FCU, a $1.03 billion-asset credit union in Fort Mill, S.C., to automate the secure delivery of mortgage disclosures. In a press release, Sharonview Chief Information Officer Mark Johnson said e-signatures will help the credit union serve its widespread membership and move to straight-through processing.
For more information, use the link.
MADISON, Wis. (12/2/13)--The Credit Union National Association will host a free, one-hour Pressing Regulatory & Compliance Issues Audio Conference at 1 p.m. CT Thursday.
Legislative affairs, compliance and regulatory advocacy will be addressed during the conference.
Progress on regulatory relief legislation, an update on housing finance reform and the latest news on tax reform will be among the legislative issues discussed.
Six frequently asked questions about upcoming mortgage lending rules and clarification of the Consumer Financial Protection Bureau's remittance transfer rule are among the compliance topics that will be addressed.
Regulatory advocacy topics include:
- National Credit Union Administration board activity, including the 2014 Corporate Credit Union Stabilization Fund, the final rule on credit union service organizations and the agency's 2014 operating budget.
- CFPG's final rule on integrated Real Estate Settlement Procedures Act/Truth in Lending Act Mortgage Disclosures;
- An update on debit interchange litigation;
- The Federal Reserve's request for input on paper about payment system improvement; and
- NCUA's proposed requirement for capital planning and stress testing for some credit unions.
Registration for the audio conference is required. Use the link.
NEW YORK (12/2/13)--The National Federation of Community Development Credit Unions will hold its Annual Conference May 14-16, in Detroit, Mich.
The federation and its members will celebrate 40 years of helping people and communities achieve financial independence through credit unions. This year's conference theme is "Financial Inclusion in Focus: From Vision to Reality."
Among the keynote speakers to be featured at the conference is Michael S. Barr, a key architect of the Dodd-Frank Wall Street Reform and Consumer Protection Act and former U.S. Department of the Treasury's assistant secretary for financial institutions.
The federation's conference brings together researchers, policymakers and practitioners in the financial empowerment field and is the largest gathering of credit unions that share a mission of community development and financial inclusion.
For more information, use the link.