On June 21, 2018, the United States District Court for the Southern District of New York (“the Court”) issued an opinion in the matter of the Consumer Financial Protection Bureau, ...
The Federal Financial Institutions Examination Council (FFIEC) released the customer due diligence and beneficial owner sections of the FFIEC Bank Secrecy and Anti-Money Laundering Examination Manual. The mandatory compliance date ...
The Financial Crimes Enforcement Network (FinCEN) issued an administrative ruling providing a 90-day exemption from the requirements of the Beneficial Ownership Rule for certain products and services that automatically renew ...
On May 10, 2018, the IRS released Revenue Procedure 2018-30, which provided the 2019 inflation adjusted amounts for Health Savings Accounts. The annual contribution limit for an individual with self-only ...
On April 26, 2018, the IRS released Revenue Procedure 2018-27, which provides relief for individuals with family coverage under a high deductible health plan (HDHP) by allowing them to treat ...
The Federal Financial Institutions Examination Council (FFIEC) issued a statement about cyber insurance and its involvement in a financial institution’s risk management programs. Cyber insurance coverage is meant to offset ...
On March 14th, the Senate passed a bipartisan bill to loosen the reigns of the Dodd-Frank Act, approving the bill with a vote of 67 to 31. Key components of ...
H.R. 5266 was introduced in the House by a group of bipartisan members (comprised to two democratic and two republican members) to modify the structure of CFPB, replacing the sole ...
Recently, the IRS posted a new publication regarding disaster relief, Publication 976 Disaster Relief. This new taxpayer publication details special tax provisions including tax benefits and retirement plan relief that is ...
The IRS recently released Revenue Procedure 2018-18, which reduced the annual contribution limitation for individuals with family coverage under a high deductible health plan (HDHP) for the 2018 calendar year ...