CUDL will provide access to tools that help their 700 credit unions and their 9,000 auto retailers strengthen their businesses.
CUDL plans to give credit union and dealer clients access to Wolters Kluwer Financial Services' Red Flag Tool Kits, designed specifically to help them build and implement effective identity theft prevention programs and comply with Red Flag rules. The tool kits will be offered through the organization's online training program, CUDL University. CUDL will also use WKFS' CompliSource, which offers comprehensive information about laws governing specific areas of direct and indirect lending, helping users access real-time information that can impact their business decisions in the changing financial marketplace.
"Credit unions want to ensure that their organizations are meeting all regulatory requirements, including those associated with the new Red Flag rules, but they also want to ensure their industry partners, such as auto dealerships, are compliant as well," said Mike James, vice president of strategic alliances, lending and training at CUDL. "Wolters Kluwer Financial Services' solutions are an ideal complement to CUDL's services because they provide accurate and timely information that helps us address the changing regulatory environment and how it impacts our clients and partners."