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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CFPB Report Highlights Costly Credit Cards and Loans Pushed on Patients
The Consumer Financial Protection Bureau published a report on high-cost specialty financial products, such as medical credit cards, that are sold to patients as a way to alleviate the growing costs of medical care. -
League InfoSight: HighlightProperty Assessed Clean Energy (PACE) Loans and Climate Change
Just this week, the CFPB issued a proposed rule for amendments to the Truth in Lending Act to support PACE financing. -
The Hidden Gem of InfoSight: State-Specific Content
Many users already know that InfoSight provides access to state-specific information about more than 30 topics for their home state, but they also have the ability to view state-specific information for all 50 states. -
Question of the Week
I was not able to attend the recent NCUA Share Insurance Webinar. Is a recording available? -
Small Business Lending Collection and Reporting Requirements
The CFPB has provided resources to help the industry understand and comply with the small business lending rule, which implements section 1071 of the Dodd-Frank Act. -
Update to Interagency Policy Statement on Allowances for Credit Losses
The NCUA has released a revised Interagency Policy Statement on Allowances for Credit Losses. -
CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages
The Consumer Financial Protection Bureau issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations. -
The Policy Life Cycle
Sometimes it seems that policies have a life of their own... and, actually, they do. A policy life cycle starts at the point the policy is created and ends when the policy is retired. -
Question of the Week
We are trying to determine if our credit union is subject to Home Mortgage Disclosure Act (HMDA) reporting for calendar year 2023. Must we meet all the criteria or just one? -
NCUA’s 2022 OMWI Annual Report to Congress Now Available
The National Credit Union Administration released its Office of Minority and Women Inclusion (OMWI) Annual Report to Congress on the agency’s diversity, equity, and inclusion programs and initiatives in 2022.
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