California passed a law that indefinitely extends the authority for institutions, and other self-service storage facility owners, to send notices and documentation by electronic mail. Under the existing California Self-Service ...
On September 16, 2022, the IRS posted a draft 2023 Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions. Effective January 1, 2023, payors are to provide Form W-4R, or ...
On September 16, 2022, the White House released its First-Ever Comprehensive Framework for Responsible Development of Digital Assets (“Framework”). The Framework takes into account several federal agency reports submitted to ...
On September 16, 2022, Nacha released a new rule that will define and standardize practices and formatting of Micro-Entries, which are used by some ACH Originators as a method of ...
The Consumer Financial Protection Bureau (CFPB) recently issued its long-anticipated report regarding Buy Now, Pay Later (BNPL) products entitled, “Buy Now, Pay Later: Market trends and consumer impacts.” The 83-page ...
The IRS has posted additional guidance to address outstanding questions relating to the requirements for electronic and paper substitute forms for Forms W-4P, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions, and ...