South Carolina adopts the South Carolina Uniform Transfers to Minors Act. The adoption of this law repeals South Carolina's existing Uniform Gifts to Minors Act. While sections of the new ...
The Federal Deposit Insurance Corporation (FDIC) recently issued its latest version of Consumer Compliance Supervisory Highlights. The FDIC is responsible for supervising roughly 3,200 state-chartered banks and thrifts that are ...
The Consumer Financial Protection Bureau (CFPB) released a report showing that credit card issuers collectively charged $12 billion in late fees in 2020. The report makes several findings, including: Many ...
The U.S. House of Representatives, passed a sweeping retirement reform bill on a floor vote of 415-4 on Tuesday, March 29, 2022. The Securing a Strong Retirement Act (HR 2594), ...
The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin and additional articles concerning the state of the auto market with inflation as well as the risky practices involved in ...
The National Credit Union Administration (NCUA) issued its Letter to Credit Unions regarding it approval of a final rule updating the CAMEL rating system that goes into effect April 1, ...
On March 9, 2022, President Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets.” This order sets the principal policy objectives of the Administration regarding digital assets ...
The Internal Revenue Service (IRS) has issued proposed regulations to required minimum distributions from qualified plans, section 403(b) annuity contracts and custodial accounts, individual retirement arrangements (IRAs), and eligible deferred compensation ...
Early this week FinCEN released that the comment period to the notice of proposed rulemaking requiring the reporting of beneficial ownership information has closed. This was the first in a ...
The California Privacy Protection Agency Board met this week to discuss the progress of the new California Privacy Protection Agency (CPPA) who is in charge of enforcing the California Privacy ...