Tag Archives: reporting

DOL Announces Proposed Form 5500 Updates

The Department of Labor today issued proposed revisions to Form 5500 Annual Return/Report of Employee Benefit Plan that must be filed by all private sector employers under the Employee Retirement Income Security Act and the Internal Revenue Code.

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FinCEN Spotlights Victories Triggered by BSA Reports

As part of the Financial Crimes Enforcement Network’s ongoing efforts to demonstrate that financial institutions’ Bank Secrecy Act reporting is read and used, FinCEN today spotlighted six law enforcement cases that made effective use of BSA data to prosecute successfully.

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FHFA Announces Principal Reduction Plan

Borrowers who are seriously delinquent on loans owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for a one-time principal reduction to help them avoid foreclosure and stay in their homes, the Federal Housing Finance Agency announced today.

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GAO: Regulators Could Improve Transparency around ‘Living Wills’

A lack of transparency surrounding the process by which federal regulators assess the “living wills” submitted by the nation’s largest banks could undermine public and market trust in the resolution plans and limit accountability on the part of regulators, the Government Accountability Office said in a report released today.

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