Equifax will be adding a new business industry code for buy now, pay later (BNPL) transactions. Beginning in the first quarter of 2022, BNPL transactions will be included in the ...
The IRS has posted the 2022 version of Publication 590-A. Publication 590-A covers contributions to Traditional IRAs as well as Roth IRAs. The cost-of-living increases for the income limits used ...
On December 16, 2021, the Consumer Financial Protection Bureau (CFPB) issued orders to five (5) “Buy Now, Pay Later” (BNPL) companies, including Affirm, Afterpay, Klarna, PayPal, and Zip, concerning their ...
The Consumer Financial Protection Bureau (CFPB) recently issued additional FAQs and guidance on Reg E. The Bureau frequently provides a list of commonly asked questions and answers on particular topics ...
On December 8, 2021, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) published a Notice of Public Rulemaking (NPRM) and a Fact Sheet outlining the first of three sets of ...
The CFPB recently released additional overdraft data that financial institutions continue to rely on overdraft and non-sufficient funds (NSF) fees as part of their revenue stream. Specifically, researchers estimated in ...
The Federal Trade Commission (FTC) amended its Privacy Rule to (i) modify the definition of "financial institution" and "federal functional regulator" and (ii) update the Rule's annual privacy notice requirement. ...
The Consumer Financial Protection Bureau (CFPB) issued the Fall 2021 edition of its Supervisory Highlights report. This edition covers examination topics the CFPB identified between January and June of 2021. ...
On December 7, 2021, the Consumer Financial Protection Bureau (CFPB) issued a final rule to facilitate the transition from the LIBOR interest rate index for consumer financial products. Effective April ...
The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced the annual adjustments to the dollar thresholds used in determining whether certain consumer credit and lease transactions are ...