In August 2021, the FDIC published Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks with the intent of assisting financial institutions through the process of conducting ...
On November 3, 2020, California voters as part of the general election approved an initiative statute, California Privacy Rights Act of 2020 (CPRA), to amend and expand upon existing consumer ...
The Consumer Financial Protection Bureau (“CFPB”) issued a new interpretive rule (the “Rule”) in light of the current COVID-19 pandemic which addresses a creditors use of revised loan estimates due ...
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. The large stimulus package apportioned $349 Billion for the Small Business Association and ...
On March 11, 2020, the IRS issued Notice 2020-15 stating that high deductible health plans (HDHPs) can pay for the testing and treatment of COVID-19 without jeopardizing the HDHP’s status ...
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 ...
As a current user of Compliance Systems’ Tax Favored Plan documents, we would like to provide you with information regarding changes made to Individual Retirement Accounts (IRAs) by the Setting ...
The Bureau of Consumer Financial Protection (Bureau) published a policy statement seeking to elaborate on the "abusiveness standard" as used in the Dodd-Frank Act's prohibition of abusive acts or practices ...
The Setting Every Community Up for Retirement Security (SECURE) Act of 2019, signed into law by President Trump on Friday, December 20, 2019, made substantial changes to the laws governing ...
The Bureau of Consumer Financial Protection (CFPB) has proposed several amendments to the Remittance Transfer Rule: Increasing safe harbor threshold. The Electronic Funds Transfer Act and Remittance Transfer Rule provides ...