On March 18, 2020, the Department of Veterans Affairs (VA) published Circular 26-20-8 regarding the foreclosure moratorium for borrowers who are affected by Coronavirus COVID-19. The VA provides additional information ...
President Trump signed the massive $2 trillion federal stimulus package, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) bill into law. His signature came just hours after the ...
On March 16, 2020, the Department of Veterans Affairs (VA) published Circular 26-20-7 regarding special relief and safety for those affected by Coronavirus COVID-19. Circular 26-20-7 provides the following information: ...
On March 22, 2020, the FRB, FDIC, NCUA, OCC, and CFPB issued an interagency statement providing information to institutions working with borrowers affected by Coronavirus/COVID-19. In general, the statement encouraged ...
On March 19, 2020, Freddie Mac announced that their Loan Product Advisor customer test environment (CTE) has been updated for lenders to begin testing the changes that support the Uniform ...
On March 20, 2020, the IRS released Notice 2020-18 that announced the federal income tax filing deadline for taxpayers and small businesses has been moved from April 15, 2020 to ...
The IRS recently released IR-2020-50, which contains links to several resources that describe changes contained in the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Included is Fact Sheet ...
In a White House briefing on March 17, 2020, Treasury Secretary Steven Mnuchin announced and the IRS followed by releasing Notice 2020-17 that taxpayers and small businesses that have an ...
The IRS posted an updated Publication 560 relative to Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) for use in preparing 2019 returns. The ‘What’s New’ section highlights ...
On March 6, 2020, the Consumer Financial Protection Bureau (“CFPB”) added a new frequently asked question (“FAQ”). The new question can be found under the heading, “Ethnicity, Race, and Sex, ...