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 ...
Aug 11, 2022 - In Circular 2022-04, the CFPB clarified insufficient data protection or information security can constitute an unfair practice in violation of the Consumer Financial Protection Act. "Inadequate ...
The Consumer Financial Protection Bureau (CFPB) released a blog post discussing its research into factors considered significant in explaining current credit card interest rates. With Increasing prices for necessities including ...
The Federal Deposit Insurance Corporation (FDIC) released supervisory guidance regarding potential risks arising from multiple re-presentment non-sufficient funds (NSF) fees to ensure that supervised institutions are aware of the consumer ...
In line with a regulatory focus on auto lending the Consumer Financial Protection Bureau (CFPB) and the Department of Justice have issued a joint letter to “auto lending and leasing ...