Private-market investing gains traction among wealthy households
Nearly nine out of 10 investors say they would invest following a strong recommendation from their advisors, yet nearly half...
Tax and Accounting
House committee removes proposed tax deferral for digital asset rewards
House lawmakers removed a provision from a tax package that would have permitted entities involved in the staking and mining...
Thinking beyond CECL repeal
The current expected credit loss framework should be simplified. There are other ways to improve it, too.
ABA urges accounting standards body to appropriately scale objectives, inspections
As the Public Company Accounting Oversight Board considers modernizing its standard-setting and enforcement operations, the board should ensure its objectives...
IRS to issue final rule on auto loan deduction
The IRS will issue a final rule to implement a new tax deduction for certain automobile purchases, according to a...
ABA urges agencies to publish guidance for trust, estate income tax reporting
The Treasury Department and IRS should issue guidance on income tax reporting for trusts and estates under the One Big...
Investment account fraud: red flags and mitigation
The objective is not simply to stop a transaction. It is to help the customer recognize the deception and prevent...
ABA voices support for updating hedge accounting standards
A proposed accounting standards update on derivatives and hedging would remove unnecessary constraints on the latter, thereby better aligning financial...
OCC releases 2026 update to Bank Accounting Advisory Series
The BAAS contains OCC staff responses to frequently asked questions from the banking industry and bank examiners on a variety...
Treasury proposes guidance for employer-sponsored contributions to Trump Accounts
The Treasury Department proposed new rulemaking to establish guidance for employer-sponsored programs for contributions to Trump Accounts, including arrangements that...
