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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This Week's Challenge
Tell five colleagues about InfoSight! -
Qualified Mortgage Changes
The CFPB has amended the mandatory compliance date of the new qualified mortgage rules from July 1, 2021, to Oct. 1, 2022. -
CFPB Issues Consumer Complaint Bulletin
The CFPB announced it has issued a Complaint Bulletin with a county-level demographic overview of consumer complaints. -
NASCUS Offers a Cannabis and Hemp eSchool
The National Association of State Credit Union Supervisors (NASCUS) is pleased to offer a Cannabis/Hemp eSchool, featuring guest speaker Deirdra O’Gorman, founder and principal, DX Consulting. -
CFPB Action Against Reverse Mortgage Lender
The Consumer Financial Protection Bureau announced it has taken action against Nationwide Equities Corporation for sending deceptive loan advertisements to hundreds of thousands of older borrowers. -
IRS Releases 7th EIP3 Batch
The IRS has announced it disbursed nearly 2 million payments in the seventh batch of Economic Impact Payments from the American Rescue Plan. -
CFPB Responds to Claims of Mr. Cooper Unauthorized Withdrawals
CFPB Acting Director Dave Uejio has issued a statement (below) in response to apparent unauthorized withdrawals made by a mortgage servicer, Nationstar Mortgage LLC, d/b/a Mr. Cooper. -
Question of the Week
Question: I have an employee that has caught COVID again. They already took leave last year, and I’m wondering if they can take leave again now. Can they? Answer: The American Rescue Plan Act of 2021 (ARPA) signed by President Biden became law on March 11 and did extend the voluntary leave provisions of the FFCRA from 2020. -
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.
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