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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NCUA Research Examines Credit Union Exposure to Climate-Related Physical Risks
The National Credit Union Administration’s Office of the Chief Economist today released a Research Note finding that roughly one-quarter of all federally insured credit unions are in communities classified as having a relatively high or very high risk of experiencing negative effects due to natural hazards. -
CFPB Announces Revised Methodology for Determining Average Prime Offer Rates
The Consumer Financial Protection Bureau announced a revised version of its “Methodology for Determining Average Prime Offer Rates.” -
CU PolicyPro Content Updates Are Published
CU PolicyPro has released its second update of 2023. -
Associated Model Content
One of the tools in CU PolicyPro that is often overlooked is the Associated Model Content feature. -
Question of the Week
Is it required under HMDA that we collect a 9-digit zip code or is a 5-digit zip code acceptable for a property address? -
Home Mortgage Disclosure Act Data Collection Requirements for Calendar Year 2023
The NCUA issued a regulatory alert on Home Mortgage Disclosure Act data collection requirements for the 2023 calendar year. -
Resources for LID, MDI, and Small Credit Unions Webinar
The National Credit Union Administration will host an April 26 webinar to discuss the upcoming 2023 Community Development Revolving Loan Fund grant round and other topics of interest to small and MDI credit unions. -
CFPB Issues Guidance to Address Abusive Conduct in Consumer Financial Markets
The Consumer Financial Protection Bureau issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a decade of precedent. -
Small Business Lending under the Equal Credit Opportunity Act
The CFPB has finally released the much-anticipated small business lending rule under the Equal Credit Opportunity Act (Regulation B). -
Compliance Spring Cleaning!
Spring has sprung and many people have started their annual spring-cleaning routine. This is great for your home and a great practice for your compliance program.
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