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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Last chance to register for Cornerstone’s Compliance & Audit Council Webinar ‘Analyzing the CFPB’s new Small Business Data Collection Rule'
As a result of the California Reinvestment Coalition’s 2019 successful lawsuit, the Consumer Financial Protection Bureau was forced to implement dormant portions of the 2010 Dodd-The CFPB finally released rules on March 31, 2023. -
Registration Now Open for NCUA Diversity, Equity, and Inclusion Summit Nov. 1–2
Registration is now open for the National Credit Union Administration’s fourth summit focused on diversity, equity, and inclusion. -
NCUA Releases Q1 2023 State-Level Credit Union Data Report
For federally insured credit unions, median asset growth and growth in shares and deposits declined slightly over the year ending in the first quarter of 2023. -
CFPB Report Identifies Issues with Increased Servicemember Use of Digital Payment Apps
The Consumer Financial Protection Bureau released its annual report on the top financial concerns facing military families. -
League InfoSight Highlight: CUPP and RP Combined Product FAQs
Phase 1 is underway! -
NCUA to Host Webinar on Combatting Appraisal Bias on June 21
In recognition of National Homeownership Month, the NCUA is hosting a webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership. -
Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. -
WOCCU Addresses United Nations Group to Strengthen Credit Unions’ Role in Financial Inclusion
World Council of Credit Unions’ Senior Vice President of International Advocacy Andrew Price on May 31 outlined the various ways credit unions play a key role in growing financial inclusion for rural and underserved communities. -
Credit Union Lending, Assets, Insured Shares Continue to Grow
According to the latest financial performance data released on June 8 by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $229 billion, or 17.6%, over the year ending in the first quarter of 2023, to $1.53 trillion. -
League InfoSight Highlight: COMING SOON- CUPP and RP
As announced earlier this year, League InfoSight is working on a product redesign to bring InfoSight, CU PolicyPro, and RecoveryPro together into one platform.
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