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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Minority Depository Institution Credit Unions See Year of Growth
The National Credit Union Administration announced that it had issued its eighth annual report to Congress on the composition and financial performance of the minority depository institutions (MDI) supervised by the NCUA in 2020. -
Two NACHA Rules Now Effective
NACHA rule, Limitation on Warranty Claims effective June 30, 2021, limits the length of time in which a Receiving Depositary Financial Institution (RDFI) is permitted to make a claim against the Originating Depositary Financial Institution’s (ODFI’s) authorization warranty. -
NCUA Board Approves Three Agenda Items
The NCUA met recently and as indicated in the agency’s board action bulletin unanimously approved the three items on its agenda... -
Webinar: How to Ace Virtual Meetings and Stay Productive in a Post-COVID World
Just because we've all been in virtual meetings for the last year doesn't mean those meetings were productive and engaging. -
Question of the Week
Question: We have the daughter of a member wishing to pay off her deceased parent's vehicle and take title. She has not been granted any probate authority. Can we let her pay off the vehicle? Answer: She can pay it off, but you cannot provide her with any account information or allow her take title. -
The Secret Sauce for Better Credit Union Compliance
Is your credit union taking advantage of the “secret sauce” that can help you “cook up” a great compliance program? Check out the “ingredients” in InfoSight today. -
Updates to FFIEC BSA/AML Exam Manual
The Federal Financial Institutions Examination Council has released updates to four sections of the BSA/AML Examination Manual... -
NCUA to Host 2021 DEI Summit for Credit Union System Stakeholders
The National Credit Union Administration has announced it will host credit union leaders, credit union trade and support organizations, and diversity and inclusion professionals during the NCUA’s second Diversity, Equity, and Inclusion (DEI) Summit. -
CFPB Statement on Juneteenth Holiday and Mortgage Closings
On Friday, June 18, 2021, CFPB Acting Director Dave Uejio issued the following statement... -
FHA Updates Student Loan Payment Calculations
The FHA recently announced updates to its student loan monthly payment calculations, taking steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.
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