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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Don’t be afraid of Compliance!
InfoSight is not just for compliance officers. InfoSight is a FREE resource provided by Cornerstone League that gives you access to 15 major compliance areas with easy-to-read summaries, links to applicable laws, regulations, resources, checklists, and frequently asked questions. -
Risk Alert: Business Email Compromise Through Exploitation of Cloud-Based Email Services
According to the NCUA’s recent press release, the FBI’s Internet Crime Complaint Center, cybercriminals are targeting organizations that use popular cloud-based email services to conduct business email compromise scams. -
Ransomware Information: Virtual Currency
The Treasury Department recently announced that, building on OFAC's earlier designation of a virtual currency exchange for facilitating transactions for ransomware actors, additional steps have been taken to help the virtual currency industry prevent exploitation by sanctioned persons and other illicit actors. -
OFAC Guidance for Virtual Currency Industry
OFAC has posted a notice that it has published a brochure, "Sanctions Compliance Guidance for the Virtual Currency Industry," as a resource to help members of the virtual currency industry navigate and comply with OFAC sanctions. -
What’s Happening with LIBOR??
Back in 2019, the CFPB published information regarding the discontinuation of LIBOR, indicating that it is expected to be discontinued. -
Registration Open for the NCUA Automated Cybersecurity Evaluation Toolbox Webinar
The National Credit Union Administration is hosting a 60-minute webinar on the NCUA’s Automated Cybersecurity Evaluation Toolbox (ACET) beginning at 3 p.m. ET on Thursday, Oct. 28. It will be followed by a question-and-answer session. -
Question of the Week
Question: Can you explain to me a little bit about how Regulation E disputes work? How much is the member liable for? Answer: Reg E liability limits the amount that a member loses when either an access device is stolen, an unauthorized transaction occurs, or there is another sort of error that causes the member’s balance to be reduced. -
A Day in the Life of a Compliance Officer
Regardless of a credit union’s size or complexity, the compliance officer’s responsibilities span every department and all the products and services offered. -
CFPB Making Changes to Credit Card Data Submission Process
The Consumer Financial Protection Bureau issued new technical specifications for the credit card agreement submission process. -
Register Now for Webinar on Bias in Home Appraisals and the Racial Homeownership Gap on Oct. 27
The NCUA is hosting a webinar on homeownership, the wealth gap, and bias in home appraisals beginning at 2 p.m. Eastern on Wednesday, Oct. 27.
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