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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Question of the Week
How do I properly complete a Currency Transaction Report (CTR) for deposits to and withdrawals from joint accounts? -
FinCEN Requests Comments on Proposal
The Financial Crimes Enforcement Network (FinCEN) is seeking comment regarding proposal to require individuals to use a FinCEN identifier, consistent with the rule. -
CFPB Webinar Series
Join the Consumer Financial Protection Bureau (CFPB) on five Wednesdays in February and March 2023 for webinars on combatting elder financial exploitation. -
NCUA’s 2023 Supervisory Priorities
This letter outlines the NCUA’s supervisory priorities and other updates to the agency’s examination program for 2023. -
Are you Signed Up to Receive FinCEN’s Notifications?
Last week, the U.S. Financial Crimes Enforcement Network (FinCEN) issued its first alert of the year regarding financial activity related to human smuggling along the southwest border of the United States. -
Annual Threshold Updates
At the start of every new year, we have annual threshold changes that take effect in Regulation Z, Regulation D, Regulation C, and IRS Rules (to name a few). -
Compliance Resolution 67:Get the Board on Board
A knowledgeable, capable, and dedicated board of directors plays a key role in the ultimate success of every credit union. -
New Compliance Video Available
The 2022 Q4 Compliance Update video is now available on InfoSight! -
Question of the Week
Can we refer to our certificates as CDs? -
CFPB adjusts HMDA closed-end loan exemption threshold
The CFPB has issued a technical amendment to its Regulation C (Home Mortgage Disclosure Act) to reflect the Sept. 23, 2022, judicial vacatur (nullification) of its 2020 amendment of the coverage threshold for closed-end mortgage loans.
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