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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Question of the Week
What is the difference between a co-borrower and a co-signer? -
Welcome to OFAC's New Website
In addition to migrating their site to a new domain, OFAC has developed several new functionalities to aid you in finding sanctions content on the site. -
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. -
NCUA Opening 2023 CDRLF Grant Round May 1
Credit unions eligible for Community Development Revolving Loan Fund grants in 2023 can apply between May 1 and June 30, the National Credit Union Administration announced. -
League InfoSight Highlights 20th year celebration: Get to know the CEO
This week, League InfoSight staff interviewed CEO Glory LeDu. -
Compliance Madness Champion
After three grueling rounds of competition, Find Answers on InfoSight emerged as the undisputed champion. -
Question of the Week
How often are we required to send periodic statements on deposit accounts? -
CFPB Issues Determination That State Disclosure Laws on Business Lending Are Consistent with the Truth in Lending Act
The CFPB examined the state disclosure laws to determine if they were inconsistent with and preempted by the Truth in Lending Act. -
FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance
The Financial Crimes Enforcement Network published its first set of guidance materials to aid the public in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on Jan. 1, 2024. -
The NCUA to Host Share Insurance Webinar on April 13
Share insurance is fundamental to the credit union system, and it’s a complex topic. To help credit unions better understand share insurance, the National Credit Union Administration has scheduled a webinar for Thursday, April 13, to discuss how member accounts are covered.
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