The CFPB’s Consumer Credit Panel (CCP) published a report on “consumer credit outcomes stemming from the immediate and dramatic shocks to consumer and household income” resulting from the COVID-19 pandemic. ...
The IRS recently released Notice 2020-62, which has modified the safe harbor explanations used to satisfy the 402(f) notice that is required to be provided by a plan sponsor to ...
The IRS released Notice 2020-50 regarding section 2202 of the CARES Act which provides for favorable tax treatment of coronavirus-related distributions for qualified individuals with respect to distributions from eligible ...
The Consumer Financial Protection Bureau (“Bureau”) issued a final rule in May 2020 amending the Remittance Rule of the Electronic Fund Transfer Act effective July 21 2020, and the Bureau ...
In response to local shutdowns and social distancing practices amid the Covid-19 pandemic, the IRS released Notice 2020-42 which provides temporary relief from the physical presence requirement in Treasury Regulations ...
In April 2020, the IRS began rolling out Economic Impact Payments (EIP) as a result of the CARES Act that provides economic relief to Americans in light of the coronavirus ...
The Consumer Financial Protection Bureau ("Bureau") issued a final rule amending the Remittance Rule of the Electronic Fund Transfer Act. As part of the final rule, the Bureau is amending ...
The Consumer Financial Protection Bureau (Bureau) released a statement and FAQs on payments and deposit rules related to the COVID-19 pandemic. The Bureau encourages financial institutions to continue to assist ...
The Consumer Financial Protection Bureau (CFPB) has issued a Compliance Aid containing three (3) Frequently Asked Questions (FAQs) related to open-end, not home-secured, lending in light of the Covid-19 pandemic. ...
The Consumer Financial Protection Bureau (“CFPB”) issued a new interpretive rule (the “Rule”) in light of the current COVID-19 pandemic which addresses a creditors use of revised loan estimates due ...