Compliance Watch
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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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Nacha Requests Feedback on Proposals; Posts RFI
Nacha has requested comments and feedback by July 1, 2021, on two related Nacha rules proposals relating to Third-Party Sender (TPS) Roles and Responsibilities. -
Fed Chair’s Message on Potential for Central Bank Digital Currency
Federal Reserve Chair Jerome H. Powell has issued a video message in a recent press release of the Federal Reserve's response to technological advances driving rapid change in the global payments landscape. -
FTC Schedules Virtual Ad and Data Security Workshop
The Federal Trade Commission and its regional partners in Dallas, Texas, have announced it will host a free, virtual workshop on June 24, 2021... -
NCUA Board Approves Derivatives Final Rule and Asks for Comments
Through a live webcast, the National Credit Union Administration Board held its fifth open meeting of 2021. -
World Council launches ‘The Global Credit Union Podcast’
World Council of Credit Unions launched a new monthly podcast that will provide the international credit union community with an in-depth look at some of the interesting and important stories it has to tell... -
Question of the Week
Question: We have a member that does not have a good address or any other place that we can send mandated disclosures. Do we keep sending them to the bad address on file to meet our requirements? Answer: No. -
Texas Legislature Passes SB 707 to grant TCUD 12 More Years
The House of Representatives passed the sunset bill that continues the Credit Union Department for another 12 years. This is the final hurdle for the bill before moving to Gov. Greg Abbott’s desk for signature. -
Register Now for CU PolicyPro Training!
We are pleased to offer a series of live training webinars to introduce you to (or reacquaint you with) CU PolicyPro. -
Agencies Extend Comment Period for Info Gathering on Uses of AI
The Fed, CFPB, FDIC, NCUA, and OCC have announced they are extending the comment period on their request for information on financial institutions' use of artificial intelligence (AI) until July 1, 2021. -
Fed Extends Reg O PPP Rule Again
The Federal Reserve Board has announced the third extension of a rule amending Regulation O to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program.
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