The Community Development Financial Institutions Fund and Treasury Department on Friday announced they are soliciting public comments concerning the New Markets Tax Credit program’s allocation application for 2024. Specifically, the agencies are seeking comment on questions such as whether the collection of information is necessary for the proper performance of the functions of the agency, and ways to enhance the quality, utility and clarity of the information to be collected. Comments must be received by April 23.
CFPB proposes changes to remittance disclosures
The CFPB proposed a “narrowly tailored” rule to amend disclosure requirements for certain international money transfers, or remittances.