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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Exciting Changes are on the Way
League InfoSight is excited to announce that it is working on a complete product redesign to bring InfoSight, CU PolicyPro, and RecoveryPro together into one platform. -
CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans
The Consumer Financial Protection Bureau released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending. -
Registration Open for NCUA Loan Risk Webinar
Credit unions can get valuable new information about loan risks on a March 22 webinar hosted by the National Credit Union Administration. -
CFPB and NLRB Announce Information Sharing Agreement to Protect American Consumers and Workers from Illegal Practices
The agreement will help the agencies address unlawful practices involving employer surveillance and employer driven debt. -
Question of the Week
We are seeing more mail theft-related check fraud at our credit union. Is there anything we can do? -
CFPB Publishes New Findings on Financial Profiles of Buy Now, Pay Later Borrowers
The Consumer Financial Protection Bureau has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers. -
CFPB Announces Appointments of New Advisory Committee Members
The Consumer Financial Protection Bureau announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. -
NCUA: Permissible Loan Interest Rate Ceiling Extended
On Jan. 26, 2023, the NCUA Board voted to continue the temporary 18% interest rate ceiling for loans made by federal credit unions, based on the authorities established by the Federal Credit Union Act. -
Deeper Dive into NCUA’s 2023 Supervisory Priorities
Given the current environment, many of the topics in NCUA’s Letter to Credit Unions 23-CU-01 – 2023 Supervisory Priorities are not a surprise. -
Resources for Complaint Management
Member complaints are no fun. They can affect member loyalty, take time to resolve, and bring negative publicity to the credit union.
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