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.
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Question of the Week: Periodic Statement Cycles
I know that we are required to provide monthly statements to account holders if any EFTs have occurred in their transaction history. However, does the regulation specify which day of the month the statement must be sent? -
FinCEN Issues Order Related to CIP Rule
Under 31 CFR 1020.220, a credit union’s Customer Identification Program (CIP) requires the collection of certain information in connection with the opening of a new account. -
InfoSight360 Announces New Learning Management System
InfoSight360 is pleased to announce the deployment of its new learning management system (LMS), the InfoSight360 Learning Academy. -
Small Business Lending Rule Delayed Again
Last week, the CFPB published an interim final rule extending the mandatory compliance dates once again for its small business lending data collection rule. -
State-Specific Compliance Made Easier
Staying compliant isn’t just about understanding federal laws; it also means keeping up with state and local laws and regulations. InfoSight360 makes that easier. -
Question of the Week: Deceased Accounts – No Beneficiary or Personal Representative
What does a credit union do with a deceased person’s account in the event no beneficiaries or personal representatives step forward to claim the funds? -
Reminder: Regulation CC Changes Effective July 1
On July 1, 2025, several thresholds under the Expedited Funds Availability Act (Regulation CC) will be adjusted once again for inflation. -
Why Credit Unions are Choosing InfoSight360 and CU PolicyPro
Whether you're streamlining your policy and procedure management, making sure your policies are audit-ready, or keeping up with federal law and regulatory changes, CU PolicyPro delivers unmatched value. -
Question of the Week: Paying a Levy Early
When is the credit union required to remit the levied funds to the IRS? Can the credit union remit the funds early? If allowed to remit early, under what circumstances? -
CFPB to Conduct Review of Loan Originator Compensation Rule
The CFPB notified the White House OMB that it plans to review the loan originator compensation requirements found under the Truth in Lending Act and Regulation Z.
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