On September 23, 2018, the IRS made changes to its tax transcript format. These changes were previously announced by the IRS on August 22, 2018 and have been made to ...
Today, the Office of Comptroller of the Currency (“OCC”) published a revised copy of its “Truth in Lending Act” handbook. The revised version replaces its 2014 predecessor and contains a ...
Today, the Office of the Comptroller of the Currency (“OCC”) released its Bank Supervision Operating Plan for 2019. Included in its plan, the OCC highlights five priorities and objectives for ...
The Federal Reserve Board (“Board”) issued a final rule amending Subpart C of Regulation CC relative to the liability provisions for check disputes, specifically disputes regarding whether a check has ...
The Give Useful Information to Define Effective Compliance Act, for short the GUIDE Compliance Act, passed the House Financial Services Committee on September 13, 2018. A companion bill was introduced ...
NACHA has approved three new same-day ACH rules that will expand capabilities for financial institutions. First, NACHA approved expanded access to same-day ACH by allowing these transactions to be submitted ...
On September 12, 2018, the Bureau issued an Interim Final Rule (the “Rule”) updating two Fair Credit Reporting Act (“FCRA”) model disclosures. These amendments were made in response to the ...
On September 6, 2018, the Bureau of Consumer Financial Protection (CFPB) released its 17th edition of its Supervisory Highlights. This report outlines observations regarding auto loan servicing, credit card account ...
On September 7, 2018, the Financial Crimes Enforcement Network (FinCEN) granted exceptive relief from the beneficial owner rule’s requirements to identify and verify the beneficial ownership of the legal entity ...
On August 31, 2018, the Consumer Financial Protection Bureau issued a Final Rule (the “Rule”) regarding the Home Mortgage Disclosure Act (“HMDA”) exemptions under Regulation C. The purpose of this ...