Three Judge Panel Nixes NRLB Poster Requirement

Credit unions and other businesses will not have to post notices informing employees of their rights to start and join unions. The proposed NLRB rule was struck down in the U.S. Circuit Court of Appeals.

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.

Reminder: Effective Date of Employee Rights Notice

As of Jan. 31, 2012, most private sector employers will be required to post a notice advising employees of their rights under the National Labor Relations Act.

Legal Briefs

Your update on the regulatory landscape.

New Employee Rights Notices Needed Soon

Credit unions, along with most other private-sector employers, must now publicly post notices of employee rights beginning on Nov. 14, 2011, under a new rule announced by the NLRB.

Legal Briefs

Your update on the regulatory landscape.

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.