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.
-
Question of the Week: Reg E and Provisional Credit
When is a provisional credit required under Reg E? -
NCUA Removes Disparate Impact from Fair Lending Materials
On Sept. 4, the National Credit Union Administration (NCUA) announced that it has removed all references to disparate impact liability from its Fair Lending Guide and other reference materials. -
InfoSight360 Launches New Education Resources
InfoSight360 now offers expanded compliance education and training tools. Visit our new Education page for details. -
Question of the Week: Reg E and Business Accounts
Knowing that Reg E (EFT) is only for member accounts, what protection does a Business Account have? -
NCUA Launches AI Resource Webpage
The National Credit Union Administration (NCUA) has launched a webpage that contains several resources for credit unions as they consider the adoption and implementation of artificial intelligence (AI) technology. -
InfoSight360 Adds Branch Signage Checklist
InfoSight360 is happy to announce the addition of a branch signage checklist to its already extensive library of checklists available on the platform. -
Question of the Week: Trump Accounts
What Can Trump Accounts Be Used For? -
CFPB Seeks Input on Personal Financial Data Rights Rule Rewrite
As previously reported, the CFPB indicated in a July 29 court filing that it planned to engage in an “accelerated rulemaking process” to rewrite its personal financial data rights rule finalized in October 2024. That process has now begun. -
Question of the Week: Once a Member, Always a Member
Our credit union has a former member who closed their relationship with us and moved away. They reached out today to ask if they could apply for a loan. They have no relatives or other ways to qualify for the Field of Membership (FOM). Is it true, “once a member, always a member,” or do they have to qualify on the situation today? -
Question of the Week: Share Insurance for Trusts
Regarding share insurance, specifically when it comes to a trust—is the share insurance protection based on how many named trustees, how many named beneficiaries, or both?
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.
