Earlier this month, the CFPB updated both the Small Entity Compliance Guide and Guide to Forms (the “Guides”). There are currently two versions of each guide; both versions of the ...
The Financial Crimes Enforcement Network (FinCEN) issued an administrative ruling providing a 90-day exemption from the requirements of the Beneficial Ownership Rule for certain products and services that automatically renew ...
On May 10, 2018, the IRS released Revenue Procedure 2018-30, which provided the 2019 inflation adjusted amounts for Health Savings Accounts. The annual contribution limit for an individual with self-only ...
On April 26, 2018, the IRS released Revenue Procedure 2018-27, which provides relief for individuals with family coverage under a high deductible health plan (HDHP) by allowing them to treat ...
On April 17, H.R. 5534 was introduced to amend the Consumer Financial Protection Act of 2010. The purpose of the Give Useful Information to Define Effective Compliance Act, or GUIDE Compliance Act for ...
The Federal Financial Institutions Examination Council (FFIEC) issued a statement about cyber insurance and its involvement in a financial institution’s risk management programs. Cyber insurance coverage is meant to offset ...
On April 3, 2018, the Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions to assist financial institutions with the Customer Due Diligence Requirements, which have a mandatory compliance date ...
On March 14th, the Senate passed a bipartisan bill to loosen the reigns of the Dodd-Frank Act, approving the bill with a vote of 67 to 31. Key components of ...
H.R. 5266 was introduced in the House by a group of bipartisan members (comprised to two democratic and two republican members) to modify the structure of CFPB, replacing the sole ...
Recently, the IRS posted a new publication regarding disaster relief, Publication 976 Disaster Relief. This new taxpayer publication details special tax provisions including tax benefits and retirement plan relief that is ...