Wolters Kluwer Adds New Feature to Help Lenders Track Legislation
MINNEAPOLIS — Wolters Kluwer Financial Services announced that its CompliSource solution now includes new functionality to help finance companies and other lenders track pending legislation affecting the financial industry.
More specifically, the new program has been added to CompliSource. CompliSource previously reported on enacted legislation only, but will now pair its technology with content from State Net, the industry leader in monitoring and reporting on the legislative and regulatory actions of state and federal government.
CompliSource is composed of modules containing comprehensive information about laws governing specific areas of mortgage lending, consumer direct lending and indirect consumer finance, officials indicated. By adding the CompliTrack functionality, CompliSource can help alert and educate financial professionals about pending legislation that could eventually become law, they added.
"By providing a heads-up on pending legislation, CompliTrack helps finance companies, banks and other lenders understand and prepare for changes that could have a significant impact on their business," said Kevin Kopp, vice president and general manager of Indirect Lending at Wolters Kluwer Financial Services.
Justin Chapman, executive director of State Net's Legal and Publishing Business Unit, added, "Through this new relationship with Wolters Kluwer Financial Services, we're able to offer CompliSource users the added benefit of accessing timely and accurate information prior to enactment. This will help them stay current with the latest statutory and regulatory information."
For more information about CompliTrack and other CompliSource features, visit www.complisource.com.