On September 16, 2022, Nacha released a new rule that will define and standardize practices and formatting of Micro-Entries, which are used by some ACH Originators as a method of ...
The Consumer Financial Protection Bureau (CFPB) recently issued its long-anticipated report regarding Buy Now, Pay Later (BNPL) products entitled, “Buy Now, Pay Later: Market trends and consumer impacts.” The 83-page ...
The IRS has posted additional guidance to address outstanding questions relating to the requirements for electronic and paper substitute forms for Forms W-4P, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions, and ...
Aug 11, 2022 - In Circular 2022-04, the CFPB clarified insufficient data protection or information security can constitute an unfair practice in violation of the Consumer Financial Protection Act. "Inadequate ...
The Consumer Financial Protection Bureau (CFPB) released a blog post discussing its research into factors considered significant in explaining current credit card interest rates. With Increasing prices for necessities including ...
The Federal Deposit Insurance Corporation (FDIC) released supervisory guidance regarding potential risks arising from multiple re-presentment non-sufficient funds (NSF) fees to ensure that supervised institutions are aware of the consumer ...
In line with a regulatory focus on auto lending the Consumer Financial Protection Bureau (CFPB) and the Department of Justice have issued a joint letter to “auto lending and leasing ...
In Notice 2022-33, the IRS announced an extension of the deadline for amending IRAs to reflect provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE ...
The Consumer Financial Protection Bureau (“CFPB”) recently issued additional frequently asked questions (FAQs) on Regulation F, its Debt Collection Rule. The FAQs seek to address questions related to electronic communication ...
The Federal Housing Finance Agency recently announced the launch of a new Office of Financial Technology. The FHFA is the fourth agency to create a financial technology office. The goal ...