On September 2, 2020, Fannie Mae published SEL-2020-05 to announce the following revisions to its Selling Guide: A manufactured home is now eligible as an accessory dwelling unit. The comparable ...
The IRS has announced tax relief for victims of Hurricane Laura IR-2020-197 by extending the filing deadline for filing various individual and business tax returns and to make payments from ...
The IRS has announced tax relief for victims of Iowa derecho and victims of California wildfires in IR-2020-190 and IR-2020-191 by extending the filing deadline for filing various individual and ...
On August 18, 2020 the Consumer Financial Protection Bureau (“CFPB”) issued a notice of proposed rulemaking to amend the Ability to Repay/Qualified Mortgage (“ATR/QM”) rule in Regulation Z. This proposal ...
Today the CFPB announced that the Filing Instructions Guide for data collected in 2021 and reportable in 2022 is now available. The Supplemental Guide for Quarterly Filers, including the 2021 ...
The IRS recently released Notice 2020-62, which has modified the safe harbor explanations used to satisfy the 402(f) notice that is required to be provided by a plan sponsor to ...
The Financial Crimes Enforcement Network (FinCEN), has issued responses to three FAQs regarding customer due diligence (CDD) requirements for covered financial institutions. The topics discussed include whether covered financial institutions ...
The Consumer Financial Protection Bureau (“CFPB”) published two additional Home Mortgage Disclosure Act (“HMDA”) FAQs this week. The new FAQs relate to multiple data points and reporting requirements when information ...
The Consumer Financial Protection Bureau issued a Final Rule updating the Regulation Z threshold amounts for the Minimum Interest charge, Credit Card penalty fee amounts, HOEPA loans, and Qualified Mortgages ...
The Department of Treasury and IRS announced in IR-2020-134 that the tax filing and payment deadline of July 15, 2020 will not be postponed. The original tax filing deadline had ...