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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The Board of Directors and Credit Union Policies
The board of directors, in exercising general oversight of the credit union, should enact policies that guide the institution’s day-to-day operations. Some policies are specifically required by the Federal Credit Union Act or the NCUA’s regulations. -
Mortgage Trigger Leads Bill Passes Congress
On Aug. 2, the Senate passed HR 2808, the Homebuyers Privacy Protection Act. The requirements of the act will significantly curtail the consumer offensive practice of mortgage trigger leads. -
Question of the Week: Error Resolution - Reg E vs. Reg Z
When it comes to error resolution, is there a difference between Reg E (EFT) and Reg Z (TIL)? -
CFPB to Rewrite Section 1033 Open Banking Rule
In October 2024, the Consumer Financial Protection Bureau (CFPB) issued its open banking rule as required by Section 1033 of the Dodd-Frank Act. -
Internal Fraud – Unmasking the Threat Within
Internal fraud is a serious and often overlooked risk for credit unions. Our new LMS course explores key red flags, prevention and detection methods, and practical strategies to strengthen internal controls and reduce insider threats. -
Question of the Week: NCUA’s Examination Tips
Do you have any resources to assist a credit union with organizing documents during a NCUA examination? -
Question of the Week: IRS Levy – Name Match
For an IRS levy, what action should the credit union take if the account name(s) or taxpayer identification number(s) on their records do not match those identified on a levy? -
InfoSight360 Adds ECOA Course to Learning Management System
The InfoSight360 team has added another self-paced online course to its learning management system, the InfoSight360 Learning Academy. -
GENIUS Act to Establish Regulatory Framework for Stablecoin
On July 18, President Trump signed into law the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. -
Question of the Week: OFAC Record Retention Extension
Has OFAC changed its record retention requirements?
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