Current user of Compliance Systems’ Tax Favored Plan Account documents, we would like to provide you with information regarding changes made to Individual Retirement Accounts (IRAs) by the Setting Every ...
Fannie Mae and Freddie Mac (the GSEs) have made the interactive (fillable) PDF versions of the redesigned Uniform Residential Loan Application (URLA) available on their respective websites. The interactive PDFs ...
The Bureau of Consumer Financial Protection (Bureau) published a policy statement seeking to elaborate on the "abusiveness standard" as used in the Dodd-Frank Act's prohibition of abusive acts or practices ...
The Bureau of Consumer Financial Protection (Bureau) published a policy statement on new compliance resources known as “Compliance Aids (“Aids”).” These “Aids” illustrate requirements for existing rules and statutes in ...
The IRS recently released Notice 2020-06 which provides relief for reporting required minimum distributions (RMD) for IRAs for 2020 in recognition of the short amount of time that financial institutions ...
NACHA released a supplement to the 2020 Operating Rules that created the ACH Contact Registry Rule − a comprehensive ACH contact registry. Under this rule, all ACH financial institutions will ...
On January 7, 2020, the National Credit Union Administration (NCUA) released its supervisory priorities for 2020, which are highlighted below: Bank Secrecy Act Compliance/Anti-Money Laundering- its focus includes the customer ...
The Setting Every Community Up for Retirement Security (SECURE) Act of 2019, signed into law by President Trump on Friday, December 20, 2019, made substantial changes to the laws governing ...
The Department of Treasury, Bureau of Fiscal Service (Fiscal Service) is proposing to amend Title 31 CFR Part 210, which governs the ACH Network by Federal agencies, by incorporating the ...
Fannie Mae and Freddie Mac (GSE’s) have announced an updated implementation timeline for the re-revised Uniform Residential Loan Application (URLA) and a mandatory use date of November 1, 2020. The ...