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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League InfoSight Highlight: Third-Party Service Providers – More Scrutiny in 2024?
It’s no secret that the NCUA has been trying to gain authority over third-party vendors that provide services to federally insured credit unions. In addition to direct comments from NCUA board members, there have been multiple publications. -
NCUA Awards $3.1 Million Through Expanded CDRLF Grants
The National Credit Union Administration awarded $3.1 million in Community Development Revolving Loan Fund grants to 142 low-income and minority depository institutions, the agency announced. -
NCUA Chairman Harper Welcomes Otsuka Nomination
National Credit Union Administration Chairman Todd M. Harper issued a statement welcoming President Joseph R. Biden’s nomination of Tanya Otsuka of Virginia to the NCUA Board. -
CFPB Blog: The law requires companies to delete disputed, unverified information from consumer reports
Credit reports are used to make decisions that affect every facet of people’s lives. Credit reports compiled by consumer reporting companies are used by lenders, insurers, employers, landlords, and others—yet these reports frequently contain errors. -
CFPB Blog: Four million complaints: More than just a milestone
At the Consumer Financial Protection Bureau, consumer complaints help drive our work. Each week, we send more than 20,000 complaints to companies for response, and last month we published our four-millionth complaint. -
Question of the Week: Rapson Rule
What is the Rapson Rule, and how does it apply to post-repossession sales? -
Upcoming Events
Still Time to Register! Join your peers in Washington, D.C., at NCUA’s 2023 DEI Summit... -
NCUA Board Approves Final Rule on Financial Innovation
The National Credit Union Administration Board held its eighth open meeting of 2023... -
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.
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