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.
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League InfoSight Highlight: Strengthening Success-Compliance and Lending
The Compliance Team possesses in-depth knowledge of lending regulations, and the Lending Team understands the credit union’s strategic objectives as they relate to the various lending products. -
Question of the Week: GPS Trackers for Collection Action
Our credit union is considering using GPS trackers to help locate collateral when collection action needs to be taken and starter interruption devices that would disable a vehicle when the loan becomes delinquent. Is there anything we should be aware of? -
Question of the Week: OFAC Blocked Property Report
If our credit union did not hold any blocked property pursuant to OFAC regulations, do we still need to file an annual report? -
Agencies Update Guidance on Liquidity Risks and the Importance of Contingency Funding and Planning
On July 28, the NCUA joined with three federal financial institution regulatory agencies to issue the Addendum to the Interagency Policy Statement on Funding and Liquidity Risk Management: Importance of Contingency Funding Plans. -
NCUA Hispanic Recruitment Virtual Outreach Event
Meet recruiters from the NCUA to learn about nationwide opportunities on Aug. 23. -
League InfoSight Highlight: Artificial Intelligence Usage Policy
Through a multi-league/association collaborative effort, League InfoSight is super excited to announce the availability of a comprehensive Trusted Contact Program toolkit in InfoSight and CU PolicyPro. -
2022 SAR Filing Trend Data Now Available on FinCEN’s Website
The Financial Crimes Enforcement Network’s (FinCEN) Interactive SAR Stats webpage now includes Filing Trend Data by industry updated through the 2022 calendar year. -
NCUA Board Approves Final Member Expulsion Rule
The National Credit Union Administration Board held its seventh open meeting of 2023 and approved a final rule on member expulsion. -
CFPB Report Shows Workers Face Risks from Employer-Driven Debt
The Consumer Financial Protection Bureau published a report highlighting the risks employer-driven debt poses to workers. -
CFPB Exams Find Unfair, Deceptive, and Abusive Practices Across a Wide Array of Consumer Financial Product Lines
The Consumer Financial Protection Bureau released a new Supervisory Highlights report that found unfair, deceptive, and abusive acts or practices across many consumer financial products.
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