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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FCC Final TRACED Act Rules
The Federal Communications Commission has published at 86 FR 11443 in a recent Federal Register a final rule to implement the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence Act (TRACED Act). -
FinCEN Issues Advisory on Crimes Targeting EIPs
FinCEN has issued Advisory FIN-2021-A002, on Financial Crimes Targeting COVID-19 Economic Impact Payments [a/k/a "Stimulus Payments"]. -
FHFA Extends COVID-19 Forbearance and Foreclosure Eviction Moratoriums
The FHFA has announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate-owned (REO) evictions until June 30, 2021. -
What Is the World Council of Credit Unions?
World Council of Credit Unions (WOCCU) is the global trade association and development platform for credit unions. WOCCU promotes the sustainable development of credit unions and other financial cooperatives... -
Question of the Week
Question: What documents do we need to transfer funds? Answer: If there are no surviving PODs or the depositor made no POD designations AND there are no joint owners, then you will need to acquire: -
InfoSight FAQs (cont’d)
InfoSight is a FREE resource included with your Cornerstone League membership. Log in today to take advantage of this fantastic resource. If you’re new to InfoSight, here are some more frequently asked questions. -
Biden Administration Takes Steps to Promote Equitable Access to SBA Relief
On Monday, Feb. 22, President Biden announced changes to SBA's coronavirus relief programs to ensure equity. -
Bureau and States Sue Libre for Predatory Immigrant Scam
The Consumer Financial Protection Bureau has announced that, in partnership with the attorneys general of Massachusetts, New York, and Virginia, it is suing Libre by Nexus, Inc. and its owners for a predatory immigrant-services... -
March 1 Begins National Consumer Protection Week
National Consumer Protection Week 2021 is coming up next week. -
Joint-Ownership Share Account Coverage Rule
The National Credit Union Administration Board has approved a final rule amending its regulation governing the requirements for a share account to be separately insured as a joint account.
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