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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New FTC Data Reveals Top Lies Told by Romance Scammers
New data released today by the Federal Trade Commission sheds new light on the lies that romance scammers use to take advantage of people—lies that reports to the FTC show cost nearly 70,000 consumers $1.3 billion in 2022. -
CFPB: One-Third Decline in Collections Items on Consumer Credit Reports
The Consumer Financial Protection Bureau released a report examining trends in credit reporting of debt in collections from 2018 to 2022. -
Credit Card Penalty Fees
On Feb. 1, 2023, the Consumer Financial Protection Bureau issued their proposal to amend Regulation Z regarding Credit Card Penalty Fees. -
What's Trending on InfoSight?
InfoSight is known for providing up-to-date operational and compliance information to assist staff in all areas of the credit union. -
Question of the Week
As a federally insured credit union, should we post the official NCUA sign on our Interactive Teller Machines (ITMs)/Personal Teller Machines (PTMs)? -
NCUA: Change to HMDA’s Closed-End Loan Reporting Threshold
On Sept. 23, 2022, the United States District Court for the District of Columbia issued an order vacating the portion of the Consumer Financial Protection Bureau’s 2020 Home Mortgage Disclosure Act Final Rule that amended the reporting threshold for closed-end mortgage loans. -
NCUA: Expansion of Permissible CUSO Activities and Associated Risks
On Nov. 26, 2021, the final rule amending NCUA regulation part 712 – Credit Union Service Organizations (CUSOs) went into effect. -
WOCCU: Credit Unions as the Catalyst for Rebuilding
The ability of credit unions to weather financial shocks draws consumers to them during times of crises... -
Resources for SAS Credit Unions
Small-asset credit unions wear a lot of hats. Make sure you are taking advantage of the member benefits and specific SAS resources offered at either no cost or discounted pricing. -
Question of the Week
The Federal Deposit Insurance Corporation recently amended its regulations governing deposit insurance coverage, effective April 1, 2024. Does NCUA plan to change National Credit Union Share Insurance Fund coverage to offer parity?
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