The Financial Crimes Enforcement Network on Monday announced it would not enforce the Corporate Transparency Act against the plaintiffs in a federal court matter pursuant to an injunction issued by the Northern District of Alabama. The federal district court ruled that the CTA was unconstitutional and enjoined FinCEN from collecting BOI from the plaintiffs, including members of the National Small Business Association, which had challenged the law. FinCEN said those individuals and entities, which include NSBA members as of March 1, do not need to report BOI to FinCEN at the present time.
ABA, associations seek long-term reauthorization of National Flood Insurance Program
ABA joined 13 associations and coalitions in urging lawmakers to adopt a long-term reauthorization of the NFIB, saying it would provide “certainty for the millions of Americans who rely on this vital program to protect their families and...
