Compliance Watch
Featured Post
Texas Court Invalidates DOL Overtime Exemption Salary Threshold Rule
A federal judge in Texas struck down the DOL's latest attempt to raise the minimum salary thresholds for the FLSA's white-collar overtime exemption, finding that the rule exceeded the agency’s statutory authority. Login Required.
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Question of the Week: Hold Harmless Agreements
A "hold harmless agreement" helps protect a credit union from liability when voluntarily returning funds connected to a suspected fraudulent transaction. -
Vintage Series – CU PolicyPro (Marketing Series - Materials)
Outdated policies can create unnecessary risk, and CU PolicyPro helps credit unions keep their policies current, compliant, and up to date. -
FinCEN Issues Guidance on Information Sharing to Combat Fraud
FinCEN issues updated Section 314(b) guidance. -
Question of the Week: HMDA
A home improvement loan must be secured by a dwelling to be reportable under HMDA. -
Question of the Week: What is federal preemption, and can you provide an example of how it works?
Federal preemption allows federal law to override conflicting state laws for federal credit unions. -
A Better Way to Edit Your Policies
A quick outline of the latest updates you can expect when editing content within InfoSight360. -
Late-Breaking Update: Executive Order 14406 and Its Impact on Financial Services
FinCEN and the CFPB have issued guidance under Executive Order 14406 that could affect BSA/AML compliance, suspicious activity reporting, and lending practices. -
Explaining the Executive Order "Restoring Integrity to America's Financial System"
An overview of Executive Order 14406. -
Question of the Week: Record Retention on a Stale-Dated Stop Payment
Must a stop payment order be retained if the check was never presented for payment and became stale-dated? -
Question of the Week: Missing Payee
If a member deposits a check that does not include a payee, can we accept it?
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