The Seila Law, LLC v Consumer Financial Protection Bureau matter is going to heat up again quickly as oral arguments have been scheduled for March 3, 2020. The questions ripe ...
Under the Fair Credit Reporting Act, a consumer reporting agency must, upon request by a consumer disclose to the consumer information in the consumer file. When the consumer is not ...
Last week, the CFPB published its Fall Rulemaking Agenda. This is the second agenda published under Director Kraninger’s leadership. The CFPB anticipates having the matters identified in its agenda under ...
Last week, the CFPB published a request for information to reassess the integrated mortgage disclosures under the Real Estate Settlement Procedures Act and the Truth in Lending Act. The focus ...
Effective December 28, 2019, the Taxpayer First Act limits use of tax return information to only those purposes expressly authorized/consented to by the taxpayer. Specifically, the Act amended 26 U.S.C.A. ...
The Internal Revenue Service (IRS) and the Department of Treasury have proposed updates to the life expectancy and distribution period tables that are used to calculate required minimum distributions. Both ...
The IRS issued Notice 2019-59 announcing the 2020 cost-of-living adjustments (COLAs) applicable to dollar limitations for employer-sponsored retirement plans, including individual retirement arrangements (IRAs). The annual contribution limit remains at ...
In the 2015 Home Mortgage Disclosure Act (“HMDA”) Rule, the Bureau established an institution and transaction threshold which dictates whether institutions must report certain information under HMDA. The 2015 Rule ...
Fannie Mae and Freddie Mac (GSE’s) announced on Wednesday October 23rd, that they published a static version of the redesigned revised Uniform Residential Loan Application, and expect to release a ...
CCPA Amendments The California Governor has signed the five amendments to the California Consumer Privacy Act ("CCPA") that are applicable to financial institutions. A summary of the amendments can be ...