2021 RESPA Update: CFPB and Additional Mortgage Servicing Protections for Borrowers
My last blog discussed the protections for financial institutions that were sunsetting as we ease out of this pandemic. The newly proposed rules are...
CFPB Rescinds COVID Regulatory Relief Policy Statements
Effective today, the Consumer Financial Protection Bureau (CFPB) rescinded regulatory relief that was granted March through June 2020 mostly around...
The American Rescue Plan Extends Relief Through 2021
President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (ARP) on March 11, 2021. The ARP provides relief funding to families and...
Paycheck Protection Program and Employee Retention Credit in 2021? New IRS Guidance May Provide Additional Relief for 2020
Would your business be eligible to retroactively claim the Employee Retention Credit (ERC) for parts of 2020, but you have already applied for and...
Fedline Advantage Hardware and Software Requirements: What You Need to Know
The Federal Reserve announced several changes/requirements to enhance security over its payment and settlement platforms. Many of these requirements...
CFPB Provides Exemptions to the HPLM Escrow Rules
The Consumer Financial Protection Bureau (CFPB) is providing additional relief to financial institutions. On January 19, 2021, the CFPB issued a...
Qualified Opportunity Fund Investments: IRS Provides Additional Relief
On January 20, 2021, the IRS released Notice 2021-10 to provide additional relief to Qualified Opportunity Funds (“QOF”) and their investors in...
SBA Issues Updated Interim Final Rules on PPP Loan Forgiveness and PPP Loan Forgiveness Applications
Late Tuesday night (1/19/21), the SBA published an “Interim Final Rule on Loan Forgiveness Requirements and Loan Review Procedures as Amended by the...