Compliance & Regulatory Updates

EEOC Guidance On Harassment Issued: The Equal Employment Opportunity Commission (EEOC) has released proposed guidance on “Enforcement Guidance on Harassment in the Workplace” updating anti-discrimination protections since its last publication on the issue in 1999.

Dept. of Labor Proposed Rule on Salary Threshold: The Department of Labor is proposing a new salary threshold rule as of September which will likely impact on many employers including credit unions. 

​Risks of MLA and Indirect Loan Purchases or Loan Participations: The Military Lending Act (2006) voids any loan to a ‘covered persons’ without the required disclosures and compliance with the law. The problem arises especially on auto loans with additional GAP or single premium coverage.

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