Texas Bankers Association Endorses Wolters Kluwer Financial Services’ Indirect Lending Solutions

19 November 2008

Wolters Kluwer Financial Services announced today that the Texas Bankers Association (TBA), the largest and oldest state bankers’ association in the nation, has expanded its endorsement of Wolters Kluwer Financial Services’ banking compliance products to include the company’s indirect lending solutions.

Wolters Kluwer Financial Services offers many customizable tools that address the regulatory compliance requirements of professionals in the indirect lending market, including those at banks, finance companies and automotive dealerships. Its portfolio of indirect lending solutions includes motor vehicle retail sales installment contracts and motor vehicle lease agreements, as well as CompliSource, a Web-based tool that provides comprehensive, state-by-state information about indirect lending laws, and AppOne, an Internet-based risk mitigation service for banks, auto finance companies and auto dealers.

In partnering with Wolters Kluwer Financial Services, TBA will offer Wolters Kluwer Financial Services’ indirect lending products to the community and regional banks, bank holding companies and savings institutions that make up its membership.

“TBA is focused on helping banking institutions find the best resources that can help them succeed in the challenging financial services environment,” said Lenelle Freeman, executive vice president, TBA. “By connecting our members with Wolters Kluwer Financial Services, they are able to access a number of resources that ease the burden of addressing ongoing regulatory issues.”

“We are very pleased to expand our relationship with the TBA, which has built a strong reputation on keeping bankers educated and informed on the matters that affect their business,” said Kevin Kopp, director of Indirect Lending at Wolters Kluwer Financial Services. “Through this partnership, we’re focused on strengthening that commitment by helping more lenders successfully handle the growing demands of compliance.”

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