What's New

 

NEW ABA Staff Analysis: Overtime Rule (5/26/16) ABA issued a Staff Analysis on the Department of Labor's final overtime rule, which changes the tests for determining which employees are exempt from overtime pay under the Fair Labor Standards Act. The analysis summarizes the rule changes, which take effect December 1, and suggests next steps to help banks implement them. The overtime rule is also the topic of a June 16 ABA briefing that will provide insight on the likely impacted positions, self-audit steps to evaluate compliance options, and practical implementation tips. Contact Cris Naser with questions.

CFPB Monthly Complaint Snapshot: Credit Reporting Complaints (5/26/16) This month's CFPB complaint snapshot spotlighted consumer complaints about credit reporting. Consumers' most frequent complaints continue to be about incorrect information on their credit reports. Customers also report difficulty having errors resolved. Since October 2012, the Bureau has handled approximately 143,700 credit reporting complaints. New Mexico, Minnesota, and Indiana experienced the greatest year-to-year complaint volume increases from the February to April 2016 period versus the same time period last year.

 

 Compliance Due Dates

 
 

 Members Only

 
 

 Upcoming Events

 

June 11

ABA Fair Lending Workshop
June 11, 2016 | San Diego, CA​​

June 12

ABA Regulatory Compliance Conference
June 12-15, 2016 | San Diego, CA​​

June 16

NEW The Final Overtime Rule is Here: What You Need to Know
June 16, 2016 | Briefing​​

Nov 13

ABA/ABA Money Laundering Enforcement Conference
Nov 13-15, 2016 | Washington, DC​​
 

 Compliance Committees