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 Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances
The CFPB released its annual report on residential mortgage lending activity and trends. -
CFPB Kicks Off Rulemaking to Remove Medical Bills from Credit Reports
Today the CFPB announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports. -
League InfoSight Highlight: Adverse Action Notices Artificial Intelligence
While technical evolution has always been a big part of our surveys in the past, this year we really want to focus more on identifying your pain points. -
Question of the Week: Employee Retention Credit and Federal Credit Unions
Are FCUs eligible for the Employee Retention Credit (ERC)? -
Council Day: Handle fraudulent electronic items under Reg E
Join us for Cornerstone’s first-ever virtual Council Day to gain cutting-edge knowledge and insights from a stellar lineup of experts and thought leaders, all from the comfort of your office—and FREE! -
Hike the Hill: Join us in our nation’s capital, Oct. 23–25
Now is the time to register for Cornerstone’s annual Hike the Hill in Washington, D.C., Oct. 23–25. -
Automated Cybersecurity Evaluation Toolbox
Additional information has been added to the Cybersecurity topic in the Security Channel of InfoSight for the Automated Cybersecurity Evaluation Toolbox (ACET). -
CFPB Issues Guidance on Credit Denials by Lenders Using Artificial Intelligence
The Consumer Financial Protection Bureau issued guidance about certain legal requirements that lenders must adhere to when using artificial intelligence and other complex models. -
Truth in Lending (Regulation Z) Annual Threshold Adjustments
The Consumer Financial Protection Bureau is issuing this final rule amending the official interpretations for Regulation Z, which implements the Truth in Lending Act (TILA). -
CFPB Report Finds College Tuition Payment Plans Can Put Student Borrowers at Risk
The Consumer Financial Protection Bureau issued a new report finding that students face risk when entering into agreements with colleges to spread the upfront cost of tuition into several, interest-free loan payments.
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.
