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.
-
Chairman Harper Emphasizes Allyship to Achieve DEI Goals
National Credit Union Administration Chairman Todd M. Harper emphasized the power of allyship to achieve diversity, equity, and inclusion goals... -
CFPB Report Finds Credit Card Companies Charged Consumers Record-High $130B in Interest and Fees in 2022
The Consumer Financial Protection Bureau released its biennial report to Congress on the consumer credit card market... -
Servicemembers Continue to Face Major Financial Challenges
Financial readiness is critical to military readiness. That is why the CFPB is working hard to ensure that servicemembers get the protections they are entitled to under the law. -
Upcoming Events
NCUA and CDFI Hosting Nov. 8 Webinar on Small Dollar Lending Program... -
League InfoSight Highlight: Keeping up with Compliance
Keeping up with regulatory changes and ensuring compliance is challenging. Here are some of the top compliance tips and tools you can use to proactively navigate the ever-changing compliance landscape. -
Question of the Week: Legislative Summaries
How can I find out more about what changed during the last legislative session and how the changes affect our credit union? -
Question of the Week: Free Credit Reports
How often can our members request a free credit report? -
Board Issues Proposals on Fair Hiring in Banking; Simplification of Share Insurance
The National Credit Union Administration Board held its ninth open meeting of 2023, where it unanimously approved a proposed rule incorporating its Second Chance Interpretive Ruling and Policy Statement and the Fair Hiring in Banking Act into its regulations. -
CFPB Proposes Rule to Jumpstart Competition and Accelerate Shift to Open Banking
The CFPB proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and gain new protections against companies misusing their data. -
Appraisal Subcommittee Hearing on Appraisal Bias
The Federal Financial Institutions Examination Council’s Appraisal Subcommittee held a hearing about appraisal bias.
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.
