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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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. -
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.
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