On December 23, 2022, the Consumer Financial Protection Bureau (CFPB) issued its final rule regarding the 2023 annual adjustments for several provisions implementing the Truth in Lending Act (TILA) and ...
Following months of speculation, SECURE Act 2.0 was passed by Congress on Friday, December 23, 2022, as part of the federal government’s massive $1.7 trillion year-end spending bill. Much like ...
The Consumer Financial Protection Bureau (“CFPB”) recently published new versions of its “What You Should Know About Home Equity Lines of Credit” brochure. An updated booklet should be provided to ...
The Federal Reserve Board adopted a final rule implementing the Adjustable Interest Rate (LIBOR) Act. The U.K. Financial Conduct Authority announced it would phase out LIBOR with a sunset in ...
On December 12th the Consumer Financial Protection Bureau (“CFPB”) published a proposed rule titled “Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders.” The rule is directed ...
The long-awaited final version of the 2023 Form W-4R was released by the IRS late in the day on December 15, 2022. With this release date, to be compliant with ...
The Consumer Financial Protection Bureau (“CFPB”) has updated respective sections of Regulation C with new Home Mortgage Disclosure Act (“HMDA”) volume reporting thresholds. The 2015 Final Rule required that lenders ...
On December 7th, 2022, the Consumer Financial Protection Bureau (“CFPB”) published a notice of intent to make a determination that New York State commercial financing laws and similar laws in ...
California recently enacted the Military and Veteran Consumer Protection Act of 2022 (MVCPA), this act will have an effective date of January 1st, 2023. The act is meant to enhance ...
On November 21st the Consumer Financial Protection Bureau (“CFPB”) and the Federal Trade Commission (“FTC”) filed a joint amicus brief in the Eleventh Circuit Court of Appeals. The brief is ...