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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NCUA to Distribute $395 Million Under Corporate System Resolution Program
The National Credit Union Administration, in its role as liquidating agent, announced a $313 million distribution to more than 400 membership and paid in capital shareholders of the former Members United, Constitution, and U.S. Central corporate credit unions. -
CUNA Releases August Economic Update
In the August 2022 CUNA Economic Update, Chief Economist Mike Schenk discusses credit union development in the first half of the year and how that compares to banks. -
Register Now for Webinar on Climate-Related Preparedness
The National Credit Union Administration Office of Consumer Financial Protection is partnering with Federal Emergency Management Agency to host a webinar focused on how credit unions and their members can prepare for and remain resilient in the face of climate-related disasters. -
Preventing Identity Theft (Part One)
Having your identity stolen can be a real nightmare. Take these simple steps to protect yourself immediately. -
Operating Fee (Texas State-Chartered CUs)
During the week of Aug. 29, invoices for the first installment of the Operating Fee for Fiscal Year 2023 will be mailed to all credit unions. -
Question of the Week
Question: What makes a power of attorney (POA) durable? Answer: Durability means that powers delegated to an agent under POA do not expire when the person creating the POA becomes incapacitated or incompetent. -
Google is good for some things...
Credit unions need up-to-date compliance information on a daily basis, and that's just what InfoSight provides. -
FHFA and Ginnie Mae Announce Updated Minimum Financial Eligibility Requirements for Enterprise Seller/Servicers and Ginnie Mae Issuers
The Federal Housing Finance Agency and Government National Mortgage Association issued a joint announcement of their updated minimum financial eligibility requirements for seller/servicers and issuers. -
Registration Open for 2023 CUNA Governmental Affairs Conference
Registration is now open for the Credit Union National Association Governmental Affairs Conference. The annual meeting will be held at the Walter E. Washington Convention Center in Washington, D.C., Feb. 26 to March 2, 2023. -
FTC Seeks Additional Public Comment on Advertising to Kids in Digital Media
The Federal Trade Commission is seeking additional public comment on how children are affected by digital advertising and marketing messages that may blur the line between ads and entertainment.
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