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 supervisory examinations find credit reporting failures, junk fees, and mishandling of COVID-19 protections
The Consumer Financial Protection Bureau released a new Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the first half of 2022. -
Share Insurance Fund reports strong performance in the third quarter
The National Credit Union Administration Board held its tenth open meeting—and third in person—of 2022. -
Using CFPB complaint data to help cities and counties protect the public
In the aftermath of the 2007-2008 financial crisis, Congress established the Consumer Financial Protection Bureau to regulate consumer financial products and services and protect consumers from unfair, deceptive, or abusive acts or practices. -
Question of the Week
Are checks required to have the fractional number in the top-right? -
Your Policies Need to be Kept Fresh
Regulatory compliance is always changing, so keeping things fresh and staying up to date can be complicated and overwhelming. -
Join us for a FREE compliance webinar: An Old Dog and New Tricks
Payment fraud is on the rise and taking a massive toll on credit unions and members alike. -
CFPB issues guidance to address shoddy investigation practices by consumer reporting companies
The Consumer Financial Protection Bureau issued a circular to affirm that neither consumer reporting companies nor information furnishers can skirt dispute investigation requirements. -
Advance notice of proposed rulemaking; request for public comment
The Federal Trade Commission proposes to commence a rulemaking proceeding to address certain deceptive or unfair acts or practices relating to fees. -
NCUA Chairman Harper testifies on state of the credit union industry at senate hearing
NCUA Chairman Todd M. Harper, along with other financial regulatory agency principals, testified at a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. -
NACHA reminds third-party senders to conduct a risk assessment by March 31, 2023
Nacha believes that risk management is central to maintaining a high-quality ACH Network that relies on the trust of each participant.
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