On March 9, 2022, President Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets.” This order sets the principal policy objectives of the Administration regarding digital assets ...
The Internal Revenue Service (IRS) has issued proposed regulations to required minimum distributions from qualified plans, section 403(b) annuity contracts and custodial accounts, individual retirement arrangements (IRAs), and eligible deferred compensation ...
Early this week FinCEN released that the comment period to the notice of proposed rulemaking requiring the reporting of beneficial ownership information has closed. This was the first in a ...
The California Privacy Protection Agency Board met this week to discuss the progress of the new California Privacy Protection Agency (CPPA) who is in charge of enforcing the California Privacy ...
The Third Circuit Court recently held in TitleMax of Delaware, Inc. v. Weissmann that application of Pennsylvania’s usury laws to lenders in Ohio, Virginia, and Delaware is not a violation ...
The Consumer Financial Protection Bureau (CFPB) released a statement on January 26th, 2022, announcing an initiative to address “exploitative junk fees” being charged to consumers in deposit and lending transactions. ...
The Federal Reserve Board, published a discussion paper on the potential of a Central Bank Digital Currency (CBDC). With this initial analysis, the Fed suggests that a U.S. CBDC would ...
The National Credit Union Administration (NCUA) issued its Letter to Credit Unions regarding its supervisory priorities for 2022 as well as an update on its examination program. In 2021, the ...
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 ...