The CFPB last week released a report on the background screening industry and employment background checks. The paper focuses on reports used for employment purposes that include criminal history information.
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Late last week, the U.S. Labor Department published final regulations to increase the minimum weekly salary to qualify for the Fair Labor Standards Act white collar exemptions. The regulations, which take effect Jan. 1, 2020, increase the exemption from $455 per week, or $23,660 per year, to $684 per week, or $35,568 per year. The thresholds determine when an employee is exempt from being paid overtime.
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NCUA is inviting credit unions to its first annual Credit Union Diversity, Equity, and Inclusion Summit on Wednesday, Nov. 6, in Alexandria, Virginia. The summit will explore, among other things, the business case for diversity in credit unions.
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October is National Cyber Security Awareness Month, and a number of resources are available to help credit unions and their members guard against cyberattacks.
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The state Department of Financial Services’ new proposal on student loan servicers takes a one-size-fits-all approach to regulating the student loan industry, said New York Credit Union Association SVP/General Counsel Henry Meier in a recent comment letter to the department.
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