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Available Now: Cornerstone's Latest Regulatory Grid Update
Friday, July 31, 2015 7:00 AM

Now online, credit unions may view the latest Cornerstone Credit Union League Regulatory Grid Summary. This informative summary gives you the most up-to-date details about current federal and state comment calls for proposed rules and regulations.

Items of Note:

  1. Texas Credit Union Department investment proposals: Applies to Texas state-chartered CUs only. Comments due July 31, 2015.
      
  2. NCUA’s MBL proposal: Proposal provides some flexibility in member business lending. Comments due Aug. 31, 2015.
      
  3. Department of Labor’s FLSA overtime proposal: Proposal would likely increase credit union costs of personnel as it would decrease the number of employee eligible to be exempt from overtime pay. In other words, credit unions may have to pay additional employees time and a half for any hours worked over 40 in a week. Comments due Sept. 4, 2015.

If you have any questions about this summary or comment calls, contact Suzanne Yashewski at syashewski@cornerstoneleague.coop or (512) 853-8516.