Maine has adopted single-party and multiple-party account ownership types. Either account type may have a payable on death (POD) designation and a multiple-party account may be with or without a ...
Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which seeks to overhaul portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and provides ...
The Federal Financial Institutions Examination Council (FFIEC) released the customer due diligence and beneficial owner sections of the FFIEC Bank Secrecy and Anti-Money Laundering Examination Manual. The mandatory compliance date ...
Earlier this month, the CFPB updated both the Small Entity Compliance Guide and Guide to Forms (the “Guides”). There are currently two versions of each guide; both versions of the ...
The Financial Crimes Enforcement Network (FinCEN) issued an administrative ruling providing a 90-day exemption from the requirements of the Beneficial Ownership Rule for certain products and services that automatically renew ...
On May 10, 2018, the IRS released Revenue Procedure 2018-30, which provided the 2019 inflation adjusted amounts for Health Savings Accounts. The annual contribution limit for an individual with self-only ...