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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50 million in University of Phoenix Refunds Sent to Students
The FTC has announced it is sending payments totaling nearly $50 million to more than 147,000 University of Phoenix students who may have been lured by allegedly deceptive advertisements. -
FinCEN Issues Innovation Hours Report
The Financial Crimes Enforcement Network (FinCEN) has issued a report on its Innovation Hours Program, a key element of FinCEN’s broader Innovation Initiative. -
Q and A Regarding Third Round of Economic Stimulus Payments
With the passage of HR 1319, the American Rescue Plan of 2021, our members have started to receive their $1,400 (and most times more) stimulus payments. Can we offset against past-due or charged-off loans or recoup deficiencies in a deposit account? -
SBA Issues IFR on American Rescue Plan Act of 2021
On March 18, the Small Business Administration issued a new Paycheck Protection Program interim final rule. -
OFAC Penalties Adjusted for Inflation
OFAC has announced it has published 86 FR 14534, a final rule amending its regulations to implement for 2021 the Federal Civil Penalties Inflation Adjustment Act of 1990. -
March Meeting of the NCUA Board
The items discussed at the March meeting of the NCUA Board included... -
RISK Alerts for March
New RISK Alerts now available from CUNA Mutual Group. -
NEW Resource – Required Compliance Training
Check out the Required Compliance Training information that has been added under the Resources area of InfoSight. -
What Would Your Day Be Like Without InfoSight?
Just imagine a day without InfoSight. How would you find the resources you need? -
Question of the Week
We have an executor that is disputing certain transactions for a deceased member under Reg E. Can they do that?
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