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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Let It Snow!...
When the weather outside is frightful, the peace of mind that comes with having RecoveryPro is priceless. -
Question of the Week
Is the CECL implementation still scheduled for next year? -
Changes 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 2020 Home Mortgage Disclosure Act (HMDA) Final Rule as to the loan volume reporting threshold for closed-end mortgage loans. -
NCUA re-establishes AMAC as independent office
By notation vote, the National Credit Union Administration board approved moving management and oversight of Asset Management and Assistance Center (AMAC) activities from the Southern Region to an independent office led by the president of AMAC. -
Nacha's Payments Innovation Alliance releases new guide explaining and simplifying voice payments processing using the ACH Network
Nacha's Payments Innovation Alliance has created a new resource aimed at financial institutions, billers and payments processors. -
Any way you slice it...
Regulatory compliance is always changing, and keeping up can be tough. -
Question of the Week
With NCUA’s advisory this past week, are we no longer able to hold our annual meetings virtually? -
CECL Resources
We have received many questions about the new accounting standard, Current Expected Credit Loss methodology for estimating the allowance for credit losses, which becomes effective after Dec. 15, 2022. -
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.
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