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.
-
CFPB Withdraws Nearly 70 Previously Issued Guidance Documents
On May 12, 2025, the Consumer Financial Protection Bureau published notice in the Federal Register that it is withdrawing 67 previously issued interpretive rules, policy statements, and advisory opinions dating back to 2011. -
USPS Redesigns Postal Money Orders to Enhance Security Features
In February, the United States Postal Service (USPS) began selling redesigned postal money orders to further deter counterfeiting and other fraudulent activity. -
Question of the Week: Reg CC Inflationary Adjustments
When do the inflationary adjustments for funds availability (Reg CC) go into effect? Are we required to notify our members? -
CFPB Will Not Prioritize Enforcement of Small Business Lending Data Collection Rule
The small business lending data collection rule requires covered financial institutions to collect and report data in connection with applications for credit received from a small business. -
Question of the Week: No Housing Expense
If a member states they pay no rent/mortgage, is it acceptable to add a minimum housing expense to their loan application? -
Updates from HUD on FHA-Insured Mortgages
In recent weeks, the U.S. Department of Housing and Urban Development (HUD) has issued some updates related to FHA-insured mortgages that credit unions should be aware of. -
Q1 Compliance Update Now Available
The InfoSight360 compliance update for the 1st quarter of 2025 is now available. The recording will be located under Training in the lower right-hand corner of the My 360 View page. -
Question of the Week: Escheating IRA Accounts
At what age does the abandonment period for an IRA begin? -
Question of the Week: Missouri Paid Sick Leave Effective May 1
Is the Missouri Paid Sick Leave Act (also known as Prop A) still set to go into effect? -
Regulatory Agency Focus/Transition
InfoSight360 Tech Tips provide quick insights to help you get the most out of our tools and keep everything running smoothly!
Subscribe
Sign up to the receive the weekly Compliance Watch newsletter email. Existing subscribers can manage their subscription.
Compliance Questions?
Cornerstone members have access to a wide variety of compliance assistance.
