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
One of our members has asked to open a gun trust. What is a gun trust, and are we required to open this type of account? -
Time is running out! Register today for Kansas and Missouri Credit Union Days at the Capitol
Credit Union Day at the Capitol is for credit union advocates to gather for insights and trends from leaders of industry and government, followed by visits with elected officials about matters important to credit unions. -
CFPB releases updates to mortgage servicing exam procedures
The Consumer Financial Protection Bureau is releasing updated Mortgage Servicing Examination Procedures, providing transparency to stakeholders about how we do our work. -
CFPB Issues Guidance to Root out Unwanted Subscription Tactics
The Consumer Financial Protection Bureau issued a new circular affirming that companies offering “negative option” subscription services must comply with federal consumer financial protection law. -
FCC Announces Compliance Date for Amended TCPA Rules
Specifically relating to compliance required for the Telephone Consumer Protection Act exemptions for artificial or prerecorded voice calls made to residential telephone lines, ensuring each satisfies the TRACED Act's requirements to identify who can call, who can be called, and any call limits. -
Reminder: Annual Threshold Updates Are Up!
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 42: Take Advantage of All InfoSight Has to Offer
Credit Unions need access to current, reliable, easy-to-understand compliance information, and that’s just what InfoSight provides. -
Have You Heard About CFPB’s Circulars?
In May of 2022, the Consumer Financial Protection Bureau started creating and issuing Circulars. -
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.
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