Compliance Watch

The IRS has announced it disbursed nearly 2 million payments in the seventh batch of Economic Impact Payments from the American Rescue Plan.

CFPB Acting Director Dave Uejio has issued a statement (below) in response to apparent unauthorized withdrawals made by a mortgage servicer, Nationstar Mortgage LLC, d/b/a Mr. Cooper.

Question: I have an employee that has caught COVID again. They already took leave last year, and I’m wondering if they can take leave again now. Can they? Answer: The American Rescue Plan Act of 2021 (ARPA) signed by President Biden became law on March 11 and did extend the voluntary leave provisions of the FFCRA from 2020.

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The Bureau has issued a final rule to extend the mandatory compliance date of the General QM Final Rule from July 1, 2021 to Oct. 1, 2022.

The IRS has announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving or recovering from COVID-19 vaccinations.

The IRS has announced the disbursement of nearly 2 million payments worth nearly $3.4 billion in the sixth batch of Economic Impact Payments from the American Rescue Plan.

A report has been issued by the FTC staff highlighting the agency’s ongoing efforts to protect consumers during the COVID-19 pandemic.

Sen. Elizabeth Warren (D-Mass.) introduced a bill recently, the American Housing and Economic Mobility Act of 2021, which would not require credit unions to comply with the Community Reinvestment Act (CRA) but codifies existing community outreach, input, and oversight polices already present in NCUA regulations.

The National Credit Union Administration Board held its fourth open meeting of 2021 through a live audio webcast and was briefed on two matters...