IRS proposes making remote witness procedures permanent
The IRS has issued a proposed rule to make permanent temporary relief from the physical presence requirement for participant elections...
Policy
Treasury issues guidance for comment on stock repurchase excise tax, AMT
The Treasury Department issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded...
ABA opposes SBA’s lifting of moratorium on non-depository 7(a) lenders
ABA expressed opposition to the Small Business Administration’s proposal to lift the moratorium on the number of non-depository lenders in...
New York State proposes climate risk guidance for financial institutions
The New York State Department of Financial Services has proposed new guidance for banking and mortgage-lending institutions “to help them...
CFPB sets Truth in Lending annual threshold adjustments
The Consumer Financial Protection Bureau today announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which...
Agencies extend Reg O relief for certain fund-controlled companies
Federal banking agencies today extended by one year no-action relief under Regulation O for banks lending to investment fund-controlled companies...
FHFA: Fannie, Freddie sold 155,034 nonperforming loans since 2014
Fannie Mae and Freddie Mac have sold 155,034 nonperforming loans as of June 30, with a total unpaid balance of...
Op-ed: Credit card routing bill will harm military families
Military families should be wary of recent attempts by lawmakers to piggyback legislation creating new credit card routing mandates on...
ABA-opposed credit card routing bill again left out of spending measure
Retailer-backed legislation creating new credit card routing mandates was left out of a bipartisan omnibus spending bill after a sustained...
FHFA adopts oversight rule for Fannie Mae, Freddie Mac products
The Federal Housing Finance Agency today published a final rule that requires Fannie Mae and Freddie Mac to provide advance...
