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.
-
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. -
Update to Cybersecurity Resource Guide for Financial Institutions
The Federal Financial Institutions Examination Council, on behalf of its members, released an update to the October 2018 Cybersecurity Resource Guide for Financial Institutions. -
Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by hurricanes Fiona and Ian
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the...
Subscribe
Sign up to the receive the weekly Compliance Watch newsletter email. Existing subscribers can manage their subscription.
Compliance Questions?
Cornerstone members have access to a wide variety of compliance assistance.
