Recently, the IRS proposed treasury regulation, REG–132240–15, providing clarification on distributions from certain retirement plans and IRAs that are delivered outside of the United States. This regulation would clarify the ...
The FDIC issued a new publication earlier this month providing a high-level overview of consumer compliance issues identified during 2018. In particular, the issues addressed in this publication relate to ...
The FDIC released its supervisory highlights for consumer compliance activities. As part of the 2018 examinations, the FDIC identified compliance issues with financial institution’s overdraft programs and Regulation E procedures: ...
NACHA has approved an amendment to the NACHA Operating Rules and Guidelines on Differentiating Unauthorized Return Reasons (“Rule”). Currently, return reason code R10 – “Customer Advises Unauthorized, Improper, Ineligible, or ...
On May 31, 2019, the CFPB issued its first set of frequently asked questions (“FAQs”) related to applicability of the TILA-RESPA Integrated Disclosures (TRID) to construction loans. The FAQs generally ...
The IRS released Revenue Procedure 2019-25 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2020. The changes include an increase in the contribution ...
Fannie Mae and Freddie Mac have recently announced changes to their adjustable rate mortgage (ARM) loan policies due to the expected discontinuance of the London Interbank Offered Rate (LIBOR) index ...
On May 23, 2019, the House of Representatives have passed H.R. 1994, known as the SECURE Act, a bill that aims to improve the nation’s retirement savings, moving it a ...
Pursuant to the Regulatory Flexibility Act, agencies are required to consider the impact of their rules on small entities and to conduct a review of how these rules may have ...
On March 29, 2019 new IRA legislation was introduced, The Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019. The legislation was approved by committee on April 2, ...