On April 17, H.R. 5534 was introduced to amend the Consumer Financial Protection Act of 2010. The purpose of the Give Useful Information to Define Effective Compliance Act, or GUIDE Compliance Act for ...
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 April 3, 2018, the Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions to assist financial institutions with the Customer Due Diligence Requirements, which have a mandatory compliance date ...
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 ...
The IRS posted updated Publication 590-A for Contributions to Individual Retirement Arrangements (IRAs). This publication provides guidance for taxpayers on IRA contributions to prepare their 2017 tax returns. Click here to read ...
The Bipartisan Budget Act of 2018, which was recently signed into law, includes changes that affect retirement plans. The Act provides tax relief for individuals affected by the recent California ...
The IRS posted updated Publication-590-B for Distributions from Individual Retirement Arrangements (IRAs). This publication provides guidance for taxpayers on IRA distributions to prepare their 2017 tax returns. Link to full ...