‘Know Before You Owe’ Rule to be Delayed Two Months

The CFPB announced that it had discovered an administrative error, which prompted the delay.

Cybersecurity graphic

NCA Security & Technology Insights: How Your Information Security Management System is the Foundation for Your Business Assurance

Network Computing Architects, Inc., the newest Strategic Link business partner, outlines the six distinct phases to consider when implementing and maintaining a new Information Security Management System.

2010 Department of Labor Ruling Shows Up in CFPB Final Rule

The official commentary in a new final rule from the CFPB includes hourly pay among the “permissible methods of compensation” for MLOs, meaning credit unions will have to examine their loan officers’ primary duties to determine whether they qualify for minimum wage and overtime.

Most Mortgage Loan Officers Must be Paid Overtime

A U.S. District judge in Washington, D.C., recently upheld the DOL administrative interpretation that says mortgage loan officers are not exempt from overtime under the Fair Labor Standards Act, a ruling that will impact many credit unions.

Examining Mortgage Loan Officer Compensation

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.

Examining Mortgage Loan Officer CompensationCopy

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.