Compliance Watch
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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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Time to register for the 2023 Texas GAC
The best way to build relationships with our legislators and to teach them what credit unions are all about is through direct political engagement. -
WOCCU: Cooperative Earthquake Relief Fund Launched
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. -
Appraisal Standards Must Include Federal Prohibitions Against Discrimination
Homeownership is one of the best paths for building intergenerational wealth. -
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.
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