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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Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $28,500 to $31,000. -
DEI and ACCESS Summit 2022
Join us Nov. 2-4 for the NCUA’S third DEI-focused summit. -
Mortgage borrowers can challenge inaccurate appraisals through the reconsideration of value process
Accurate appraisals are essential to the integrity of mortgage lending. Overvaluation can decrease affordability, make it harder to sell a home or refinance, and increase the risk of foreclosure. -
AFP survey finds businesses ‘actively shifting’ to ACH and other electronic B2B payments
There’s new evidence that businesses are rapidly abandoning checks in favor of ACH and other electronic payments. -
Updates made to NCUA’s Simplified CECL Tool
Last week, NCUA made updates to their recently launched CECL tool. -
Let's Tackle Compliance Together
Overwhelming compliance information and regulations got you fumbling? -
Question of the Week
Question: We have some really old member agreements and applications for membership. Do we really have to preserve these permanently? -
Question of the Week
Question: Can we require a member to file a police report to process a Regulation E dispute? Answer: No. -
Did you know InfoSight is a FREE resource for affiliated credit unions
That’s right, InfoSight is a free member benefit for Affiliated Credit Unions. -
NCUA webinar on defending against ransomware attacks
A ransomware attack on your credit union could inflict serious financial damage and pose reputation risk.
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