Compliance Journal July 2026
Special Focus Three New Free WBA Wisconsin Banker Resources Available WBA has created three new WBA Wisconsin Bankers Guides which are available now on the WBA website through our best practices library and WBA member portal. These new guides provide a comprehensive overview regarding the topics of trusts, right of rescission, and authority. The WBA Wisconsin Bankers Guide series is a collection of free resources designed to aid bankers in understanding a variety of different topics. While every guide covers the legal and compliance considerations of their respective topic, they are also more than that. The guides are written to give a deeper understanding of each topic. To this extent they provide an overview of what the topic is, why it matters, and include practical narratives. The guides are designed to be valuable resources both for beginner and veteran bankers. Trusts are often one of the more elusive topics in banking. As trusts can come in a variety of types, complexities, and involve customers of varying levels of sophistication, they can seem intimidating. The WBA Wisconsin Bankers Guide to Trusts is designed to help demystify trusts. The guide presents the basics of what a trust is, how a trust is created, the parties involved, and how trusts operate, all from a banker’s perspective. It includes numerous examples, designed to present actual situations that bankers often encounter, and assist in issue spotting, knowing what information and documentation to gather, which questions to ask, and how to better understand trusts in relation to a bank’s own policies and procedures. A consumer’s right of rescission is a requirement of the Truth in Lending Act, implemented by Regulation Z. While right of rescission requirements have not changed in some time, the right is often misunderstood. The WBA Wisconsin Bankers Guide to Rescission breaks down in detail the nuances of the consumer right, including examples which cover a variety of scenarios to better understand when and to whom the right of rescission applies. Lastly, the WBA Wisconsin Bankers Guide to Authority is one of WBA’s first more “conceptual” guides. While the other guides focus on a specific topic, this guide does not cover just one type of authority. Rather, the guide aims to equip bankers with the tools to understand any form of authority that might be presented. Even new ones. For example, as discussed in another article of this issue of WBA Compliance Journal, Wisconsin recently created a new form of authority for a patient’s representative. In addition to that article, a banker familiar with the tools provided by the guide to authority would be prepared to review and consider the important issues that come with the new authority. While the WBA guides are designed to be comprehensive, situations may arise which raise further questions. Bankers are encouraged to contact the WBA Legal Call Program with any questions that may come up while reviewing a guide, or unique situations they may encounter. WBA Legal is always available to discuss a situation and assist. The new WBA Wisconsin Banker Guides, along with additional resources, can be found within the WBA Best Practices Library which is located within a banker’s own profile once logged into the WBA member portal. To access the portal, please sign in using the My Profile section from the WBA website. The WBA Best Practices Library may also be viewed from the WBA website. Please contact WBA Legal with any additional questions. If you need the password to access the WBA Best Practices Library, contact WBA Legal at: wbalegal@wisbank.com