Effective July 1, 2019, lenders submitting recordable instruments to the Superior Court Clerk of DeKalb County, Georgia are required to include the tax identification number of the affected real property ...
In October 2018, the Bureau of Consumer Financial Protection (Bureau) and the Federal Reserve Board jointly proposed amendments to Regulation CC, which implements the Expedited Funds Availability Act (EFA Act), ...
Recently, the IRS proposed treasury regulation, REG–132240–15, providing clarification on distributions from certain retirement plans and IRAs that are delivered outside of the United States. This regulation would clarify the ...
The FDIC issued a new publication earlier this month providing a high-level overview of consumer compliance issues identified during 2018. In particular, the issues addressed in this publication relate to ...
The FDIC released its supervisory highlights for consumer compliance activities. As part of the 2018 examinations, the FDIC identified compliance issues with financial institution’s overdraft programs and Regulation E procedures: ...
NACHA has approved an amendment to the NACHA Operating Rules and Guidelines on Differentiating Unauthorized Return Reasons (“Rule”). Currently, return reason code R10 – “Customer Advises Unauthorized, Improper, Ineligible, or ...