FARMERS BRANCH, Texas (5/7/08)--The Texas Credit Union League’s (TCUL) Compliance Council will host a conference call with the Texas Department of Banking May 14 to assist credit unions with any concerns and questions regarding the state’s newly implemented Closed Account Notification System (CANS). During the 80th Regular Session of the Texas Legislature, State Rep. Helen Giddings sponsored House Bill 2002 (LoneStar Leaguer May 6). It created an electronic notification system that requires financial institutions, upon proper request by a customer, to alert check verification entities that the customer has closed an account because of actual fraud or compromised financial information. To implement the program, every financial institution maintaining an office, branch or agency office in the state must register with the Texas Department of Banking, which is administering the program. The department had CANS operating March 1.