On May 31, 2019, the CFPB issued its first set of frequently asked questions (“FAQs”) related to applicability of the TILA-RESPA Integrated Disclosures (TRID) to construction loans. The FAQs generally ...
The IRS released Revenue Procedure 2019-25 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2020. The changes include an increase in the contribution ...
Fannie Mae and Freddie Mac have recently announced changes to their adjustable rate mortgage (ARM) loan policies due to the expected discontinuance of the London Interbank Offered Rate (LIBOR) index ...
On May 23, 2019, the House of Representatives have passed H.R. 1994, known as the SECURE Act, a bill that aims to improve the nation’s retirement savings, moving it a ...
Pursuant to the Regulatory Flexibility Act, agencies are required to consider the impact of their rules on small entities and to conduct a review of how these rules may have ...
On March 29, 2019 new IRA legislation was introduced, The Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019. The legislation was approved by committee on April 2, ...
The IRS recently revised Form 4506 Request for Copy of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...
The IRS recently revised Form 4506-T Request for Transcript of Tax Return (rev. March 2019). The revisions are minimal text changes only, which include correcting the reference to “line 5” ...
On March 12, 2019, the Consumer Financial Protection Bureau (“CFPB”) published the 18th edition of its Supervisory Highlights. The purpose of the Supervisory Highlights is to aid CFPB supervised entities ...
New Bulletin Regarding Key Data Fields Typically Used to Test and Validate the Accuracy of HMDA Data
The Office of the Comptroller of the Currency (“OCC”) published Bulletin 2019-12 to inform national banks, federal savings associations, and federal branches and agencies about key data fields that the ...