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 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. -
Question of the Week
Where can I find records retention tables that list recommended timeframes for retaining various types of documents? -
NCUA’s Harper Discusses DEI, Allyship; Selected to AACUC Hall of Fame
NCUA Chairman Todd M. Harper participated in a panel discussion on diversity, equity, and inclusion within the credit union movement. -
WOCCU: Turkish Cooperative Earthquake Relief Fund—Donations Continue
Worldwide Foundation for Credit Unions, in partnership with World Council of Credit Unions, Thursday launched its Turkish Cooperative Earthquake Relief Fund to solicit donations in support of Turkey’s cooperative movement, which has suffered mass devastation from two Feb. 6 earthquakes.
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