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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New Help for Spotting, Avoiding, and Reporting Scams in Multiple Languages
Scammers speak your language. That's why the FTC now takes reports in multiple languages. To report in Mandarin, Tagalog, Vietnamese, French, Arabic, Korean, Russian, Portuguese, Polish, and many other languages, call the FTC at (877) 382-4357. -
Comment Period Open on Fair Hiring in Banking Proposed Rule
The NCUA invites public comment on a Fair Hiring in Banking proposed rule. For more information or to submit a comment, please visit Regulations.gov. -
CFPB Proposes New Federal Oversight of Big Tech Companies and Other Providers of Digital Wallets and Payment Apps
The Consumer Financial Protection Bureau is proposing to supervise larger nonbank companies that offer services like digital wallets and payment apps. -
CFPB Issues New Report on State Community Reinvestment Laws
The Consumer Financial Protection Bureau published a new analysis on state Community Reinvestment Act laws, highlighting how states ensure financial institutions' lending services... -
NCUA’s Hood Lauds Growth of DEI Summit and Industry Progress
At the National Credit Union Administration’s 2023 Diversity, Equity, and Inclusion Summit, Board Member Rodney E. Hood celebrated the significant evolution of the event and the ongoing commitment of the credit union community to DEI principles. -
The Second/Third Issue of the ‘Consumer Compliance Outlook’ from the Federal Reserve System Has Been Released
The latest issue of Consumer Compliance Outlook is now available for download. -
FinCEN Finalizes Rule on Use of FinCEN Identifiers in Beneficial Ownership Information
The Financial Crimes Enforcement Network is issuing a final rule that specifies the circumstances in which a reporting company may report an entity’s FinCEN identifier in lieu of information about an individual beneficial owner. -
League InfoSight Highlight: Internal Spoofing Attacks are on the Rise. Is Your Staff Prepared?
Spoofing is a scam where cybercriminals impersonate a company with a fake email address, display name, text message, or website URL to convince a target that they are a trusted, well-known source from the company. -
Question of the Week: Converting Members to Electronic Statements
Can our credit union automatically convert members from paper to electronic statements? -
NCUA Posts 2024–2025 Proposed Budget, Sets November 16 Public Briefing
The National Credit Union Administration’s staff draft budget for 2024–2025 is now available on the agency’s website for review and comment.
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