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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The Completion of the Rebuild of CU PolicyPro
CU PolicyPro is the perfect complement to InfoSight, providing model policy content for over 230 credit union-specific operational policies. -
CFBP Delays Compliance Date for General QM Final Rule
The Bureau has issued a final rule to extend the mandatory compliance date of the General QM Final Rule from July 1, 2021 to Oct. 1, 2022. -
Employer Tax Credits for Paid Leave for Vaccinations
The IRS has announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving or recovering from COVID-19 vaccinations. -
Sixth Batch of EIP3 Payments Disbursed
The IRS has announced the disbursement of nearly 2 million payments worth nearly $3.4 billion in the sixth batch of Economic Impact Payments from the American Rescue Plan. -
FTC Report on Protection of Consumers During Pandemic
A report has been issued by the FTC staff highlighting the agency’s ongoing efforts to protect consumers during the COVID-19 pandemic. -
Warren Introduces Bill That Excludes Credit Unions from CRA
Sen. Elizabeth Warren (D-Mass.) introduced a bill recently, the American Housing and Economic Mobility Act of 2021, which would not require credit unions to comply with the Community Reinvestment Act (CRA) but codifies existing community outreach, input, and oversight polices already present in NCUA regulations. -
NCUA Board Briefed on Emerging Cybersecurity Threats, PCA Relief Measures
The National Credit Union Administration Board held its fourth open meeting of 2021 through a live audio webcast and was briefed on two matters... -
NCUA/FDIC to Hold Joint Youth Financial Education Webinar
An NCUA/FDIC joint webinar will be held April 27 (at 1 p.m.) regarding youth financial education in celebration of National Financial Capability Month, the agencies announced. -
Register for the NASCUS 2021 Marijuana & Hemp eSchool
The National Association of State Credit Union Supervisors (NASCUS), in conjunction with Deirdra O’Gorman founder and principal, DX Consulting is pleased to offer Cannabis/Hemp eSchool. -
CFPB Urges Stimulus Payment to Reach Consumers
Concerned that some payments will be intercepted to cover such things as unpaid overdraft fees, the Consumer Financial Protection Bureau encouraged financial institutions (including credit unions) and debt collectors to allow the payments to reach consumers in a March 17, 2021, statement.
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