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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Question of the Week: How the CAN-SPAM Act Applies to Credit Unions
What is the CAN-SPAM Act, and does it apply to credit unions? -
League InfoSight Highlight: Coming Soon to CU PolicyPro/RecoveryPro: Multifactor Authentication
Coming soon, credit unions will have the option of adding multifactor authentication (MFA) to their CU PolicyPro/RecoveryPro implementation. MFA is an extra layer of security that requires users to provide an access code in addition to their password to access the system. -
Question of the Week: Section 314(b) and Information Sharing
What is 314(b) voluntary information sharing under the USA Patriot Act/Bank Secrecy Act? -
League InfoSight Highlight: Examination Principles Related to Valuation Discrimination and Bias in Residential Lending
The Federal Financial Examination Council (FFIEC) issued a statement to communicate principles for examination of residential property appraisal and evaluation (valuation) practices to mitigate risks. -
Question of the Week: NCUA 2024 Supervisory Focus on Overdraft Programs
Will the National Credit Union Administration (NCUA) 2024 supervisory focus on overdraft programs be limited to large credit unions? -
Question of the Week: Cornerstone Councils
I am looking for a way to network with my credit union peers. -
League InfoSight Highlight: Top FCRA, ECOA Violations; Reg E and Escrow Requirements
Top violations in 2022 for Regulation E Error Resolution Requirements, Regulation X Escrow Account Requirements, FCRA, and ECOA. -
Question of the Week: Fraudulent Treasury Checks
With fraudulent Treasury checks circulating, what are some resources I can use to verify the Treasury checks we are being presented with are valid? -
League InfoSight Highlight: The Writing Has Been on the Wall
When the CFPB recently issued two proposed rulemakings directly related to overdraft programs and non-sufficient funds fees, it shouldn’t have caught us by surprise. The writing has been on the wall. -
League InfoSight Highlight: NCUA Supervisory Priorities Are Here
The NCUA just issued their 2024 Supervisory Priorities through a Letter to Credit Unions - 24-CU-01.
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