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 sends letter to FCUs on use of distributed ledger technologies
On Wednesday, the National Credit Union Administration disseminated a letter clarifying certain expectations for credit unions contemplating the use of new or emerging distributed ledger technologies (DLT). -
NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills
National Credit Union Administration Chairman Todd M. Harper issued the following statement after the approval of H.R. 7022, the Strengthening Cybersecurity for the Financial Sector Act of 2022, and H.R. 7003, the Expanding Financial Access for Underserved Communities Act, by the U.S. House Committee on Financial Services recently. -
Did the DOJ Issue ADA Website Accessibility Regulations?
Question: Did the Department of Justice ever issue ADA website accessibility regulations? Answer: In a word, no. -
CFPB: States Can Enforce Federal Consumer Protection Laws
The Consumer Financial Protection Bureau announced it has issued an interpretive rule that describes states’ authorities to pursue lawbreaking companies and individuals that violate the provisions of federal consumer financial protection law. -
Question of the Week
Question: What is the maximum term for a mortgage for a federal credit union? Answer: 40 years, per 12 CFR 701.21... -
The 2022 League InfoSight User Survey is Still Open!!
The majority of our product enhancements are based on client feedback, and there is still time to give us your opinion. -
New InfoSight Content
As an example of how your suggestions help improve our products, we are happy to announce that a new topic, U.S. Savings Bonds, has been added to the Accounts Channel in InfoSight. -
Revised Interagency Q&As on Flood Insurance
Five federal agencies, including the Federal Reserve Board, Farm Credit Administration, FDIC, NCUA, and OCC, recently announced jointly issued Questions and Answers (Q&As) regarding flood insurance on federal flood insurance law and the agencies’ implementing regulations. -
National Illicit Finance Strategy for 2022
The Treasury Department issued the 2022 National Strategy for Combatting Terrorist and Other Illicit Financing (2022 Strategy), which identifies measures to increase transparency in the U.S. financial system and strengthen the U.S. anti-money laundering/counter the financing of terrorism (AML/CFT) framework. -
VA Amends Regs on Fiduciary Activities
The Department of Veterans Affairs has published a final rule [87 FR 29671] amending its regulations that govern fiduciary activities.
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