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: 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. -
FTC and HHS Warn Hospital Systems and Telehealth Providers about Privacy and Security Risks from Online Tracking Technologies
The Federal Trade Commission and the U.S. Department of Health and Human Services Office for Civil Rights (OCR) are cautioning hospitals and telehealth providers about the privacy and security risks related to the use of online tracking technologies integrated into their websites or mobile apps that may be impermissibly disclosing consumers’ sensitive personal health data to third parties. -
League InfoSight Highlight: Trusted Contact Resources and Information!
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. -
Question of the Week: NCUA COVID Guidance Still Applicable?
Since COVID is no longer considered a public health emergency, is the National Credit Union Administration’s COVID-related supervisory guidance still applicable? -
2023 Risk Alert Update
Recently, CUNA Mutual Group went through a rebranding to unify its businesses under a single brand and has now effectively transitioned to TruStage. -
FINRA Fines Merrill Lynch $6 Million for Longstanding AML Program Failures
FINRA announced that it has fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $6 million for failing to establish and implement policies, procedures, and internal controls reasonably designed to cause the reporting of suspicious transactions as required by the Bank Secrecy Act.
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