Compliance Center: FCC Issues Telemarketing Rulings

Get the scoop on the FCC’s new telemarketing rulings; your question answered about collecting payments from active duty service members; plus this week’s legal briefs.

Compliance Question of the Week

Do we stop collecting payments on loans for a service member who is now on active duty?

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.

HUD Announces Revised Disclosure Notice on Military Homeownership Rights

The Act mandates that a foreclosure proceeding against certain military personnel is not valid unless the creditor has obtained a court order approving it and further states that the courts may stop the proceedings for a time or adjust the debt.

Seven Risks a Director Must Understand to Fulfill the ‘Duty of Care’

CPA Linda Keith, a speaker at the Volunteers Conference, outlines directors’ responsibilities under Regulation 704.4(b) and some tips to ensure volunteers can meet these standards.

Compliance Question of the Week

Should representative payees be allowed to negotiate checks made out to the beneficiary of the accounts they oversee?