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, ...
HR-4743 has passed in both the House and the Senate, and went to the desk of President Trump on June 13, 2018, for signature. One of the most talked about ...
On June 12, 2018, the House of Representatives introduced a bill proposing to update the dollar amount thresholds for Currency Transaction Reports (“CTR”) and Suspicious Activity Reports (“SAR”); the threshold ...
Maine has adopted single-party and multiple-party account ownership types. Either account type may have a payable on death (POD) designation and a multiple-party account may be with or without a ...
Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which seeks to overhaul portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and provides ...
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 ...
Earlier this month, the CFPB updated both the Small Entity Compliance Guide and Guide to Forms (the “Guides”). There are currently two versions of each guide; both versions of the ...
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 ...