Compliance Watch
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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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The Holiday Season has begun!
Between all the preparation and planning, this time of year can leave your team buzzing with excitement and anticipation for holiday parties and events. -
Content Update: CECL
Last week we reported that InfoSight added a new Person-to-Person (P2P) Transactions topic. -
New Compliance Video
The 2022 Q3 Compliance Update video is now available on InfoSight. -
CFPB issues guidance to help banks avoid charging illegal junk fees on deposit accounts
The Consumer Financial Protection Bureau issued guidance about two junk fee practices that are likely unfair and unlawful under existing law. -
NCUA releases 2021 Credit Union Diversity Self-Assessment results
The National Credit Union Administration released the results of the 2021 Credit Union Diversity Self-Assessment (CUDSA). -
NCUA board announces 2023 meeting schedule
The National Credit Union Administration Board has released its monthly meeting schedule for 2023. -
Question of the Week
Question: Is there a limit on what an FCU can lend to an official without approval from the board? Answer: Yes. 12 CFR 701.21(d) limits an FCU to $20,000 without approval... -
Spooky season is upon us, and InfoSight is wishing you a frightfully fun Halloween weekend
Keeping your credit union compliant doesn’t need to be as complex and time-consuming as brewing up potions. -
NEW content: person-to-person (P2P) transactions
With the increased popularity of person-to-person (P2P) transactions, a new topic, Person-to-Person (P2P) Transactions, was added to the ACH/Electronic Payments channel. -
401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022.
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