Federal bank regulatory agencies announced the approval for a final rule that will require a banking organization to report “any significant computer-security incident” as soon as possible and no later ...
In Bulletin 2021-36 Freddie Mac clarified issues surrounding the use of cryptocurrency assets in the mortgage qualification and underwriting processes. Freddie Mac noted the “high level of uncertainty” surrounding cryptocurrencies ...
In October 2021, the National Credit Union Administration (NCUA) finalized a rule that will allow credit union service organizations (CUSOs) more flexibility to offer loan products. Effective November 26, 2021, ...
On November 18, 2021, Sen. Menendez introduced S. 3235 the Small Business Lending Disclosure Act of 2021 (the Act). The bill was read twice and referred to the Committee on ...
The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency (Federal Agencies) released a joint statement today announcing completion ...
The Consumer Financial Protection Bureau (CFPB) announced it will be conducting a voluntary examination of the 2015 Home Mortgage Disclosure Act (HMDA) Rules to evaluate the effectiveness of HMDA in ...
A bill was introduced in Congress to extend the Military Lending Act’s 36% all-in rate cap to any consumer. As drafted, the bill would carry exemptions like the MLA; the ...
November 5, 2021, the House passed the Infrastructure Investment and Jobs Act (H.R.3684). Section 80603 specifically clarifies reporting requirements as it relates to crypto currencies by modifying U.S. Code, Title ...
The IRS issued Notice 2021-61 announcing the 2022 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 $6,000 ...
The Consumer Financial Protection Bureau (CFPB) recently published the annual threshold adjustments which become effective January 1, 2022. These threshold adjustments impact certain dollar amounts for several sections of Regulation ...