On Thursday May 28, 2020, the IRS released Notice 2020-35 which extended the filing date for Form 5498-IRA Contribution Information, Form 5498-ESA-Coverdell ESA Contribution Information, and Form 5498-SA-HSA, Archer MSA, ...
The IRS released Revenue Procedure 2020-32 on May 20, 2020 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2021. The changes include an ...
In April 2020, the IRS began rolling out Economic Impact Payments (EIP) as a result of the CARES Act that provides economic relief to Americans in light of the coronavirus ...
The Consumer Financial Protection Bureau ("Bureau") issued a final rule amending the Remittance Rule of the Electronic Fund Transfer Act. As part of the final rule, the Bureau is amending ...
The Consumer Financial Protection Bureau (Bureau) released a statement and FAQs on payments and deposit rules related to the COVID-19 pandemic. The Bureau encourages financial institutions to continue to assist ...
The Consumer Financial Protection Bureau (CFPB) has issued a Compliance Aid containing three (3) Frequently Asked Questions (FAQs) related to open-end, not home-secured, lending in light of the Covid-19 pandemic. ...
On May 4, 2020, the IRS posted Coronavirus-related relief for retirement plans and IRAs FAQs. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, ...
The Consumer Financial Protection Bureau (“CFPB”) issued a new interpretive rule (the “Rule”) in light of the current COVID-19 pandemic which addresses a creditors use of revised loan estimates due ...
The Consumer Financial Protection Bureau (“CFPB”) issued an interpretive rule (the “Rule”) regarding a consumer’s right to waive or modify certain timing requirements under the TILA-RESPA Integrated Disclosure (“TRID”) and ...