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 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. -
State Laws and Upcoming Featured Article
While an interesting and important read, this article is not only about the CFPB’s determination. It also serves as a reminder of the need for credit unions to be mindful of federal and state laws that impact operations (whether state or federally chartered). -
Compliance Madness – FINALS
The first two rounds of Compliance Madness are officially in the books. -
Question of the Week
How should our credit union handle member address change requests? -
Simplified CECL Tool Updated for March 31, 2023
The National Credit Union Administration on Thursday released the March 2023 update of its Simplified CECL Tool. -
NCUA Board Approves Final Subordinated Debt Rule to Support ECIP Participation
The National Credit Union Administration Board held its third open meeting of 2023 and approved a final rule on subordinated debt. -
2022 HMDA Data on Mortgage Lending Now Available
The HMDA Modified Loan Application Register data for 2022 are now available on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,394 HMDA filers. -
CFPB Enhances Tool to Promote Competition and Comparison Shopping in Credit Card Market
The Consumer Financial Protection Bureau launched an improved survey of credit card issuers that can help consumers and families compare interest rates and other features when shopping for a new credit card.
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