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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NCUA Regulatory Alert Covers ECOA Interpretive Rule
NCUA’s latest Regulatory Alert (21-RA-07) covers the March 16 interpretive rule clarifying the prohibition against sex discrimination... -
Letter to Credit Unions - Renewal of Prompt Corrective Action Relief
NCUA recently issued Letter 21-CU-04 to Credit Unions providing important updates regarding PCA regulations. -
CFPB Webinar: Measuring the Financial Well-being of Hispanics
The Consumer Financial Protection Bureau (CFPB) is holding a free webinar highlighting the findings in our recent report Measuring the financial well-being of Hispanics. -
Question of the Week
Question: If we have a joint account without rights of survivorship and one member dies, what is the best method to manage the remaining member? Answer: Joint accounts are presumed to belong to both members on an account in equal shares, so when one member dies, half of the funds on deposit are presumed to belong to the estate of the deceased member, and the other half to the surviving member. -
Webinar: How to Ace Virtual Meetings and Stay Productive in a Post-COVID World
A lack of clarity can devalue, diminish, or even disrupt your virtual meetings. Let us show you how to connect with your team productively and focus on the most important work at hand at our upcoming webinar. -
Question of the Week
Question: When do we use the “multiple transactions” box on a Currency Transaction Report? Answer: It is proper to use the multiple transactions box when there are multiple transactions being filled out by or for the person named in the appropriate Part I. -
June is Pride Month
It’s June, which means it’s officially Pride month. -
Administration Proposes Expanded Reporting to IRS
The Treasury Department has released the Biden Administration's Budget (the "Greenbook") for Fiscal Year 2022. -
FinCEN Innovation Hours Program on Privacy-Enhancing Technologies
The Financial Crimes Enforcement Network has announced it will host a special virtual FinCEN Innovation Hours Program on Sept. 9, 2021... -
Yellen Asks Congress for Project Funding
In testimony before the House Subcommittee on Financial Services and General Government Committee on Appropriations, Treasury Secretary Janet Yellen pointed to sections of the administration's formal budget where funding is needed.
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