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 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. -
CFPB and FHFA publish updated data from the National Survey of Mortgage Originations for public use
The Consumer Financial Protection Bureau and the Federal Housing Finance Agency have published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). -
Continued growth in lending, assets, insured shares reported in third quarter
According to the latest financial performance data released by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $235 billion, or 19.2%, over the year ending in the third quarter of 2022, to $1.46 trillion.
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