InfoSight eNewsletter
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Heads Up: Dec. 1 Webinar on Bankruptcies!
The good news is that bankruptcies have diminished during the pandemic by virtue of “enhanced” unemployment benefits and moratoria on foreclosures and evictions. The not-so-good news is that the benefits and moratoria have now expired, so landlords and mortgage lenders can be expected to resort to legal remedies.
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Question of the Week
Question: Can a payable-on-death beneficiary decline to accept the designation? If so, where do the funds go? Answer: Yes. A payable-on-death beneficiary does not have to accept the designation and may refuse based on their own personal situation. -
Don’t Let Your Policy Maintenance Become a Nightmare!
The regulatory environment continues to change rapidly, and your policies need to keep up with it. -
Agencies Extend Eviction Moratoria
The secretaries of the USDA, HUD, VA, and Treasury and the acting director of the FHFA released a joint statement on agency actions to prevent evictions. -
CFPB Webinar: Helping Clients Experiencing Housing Insecurity
On Wednesday, Aug. 18, 2021, at 2-3:30 p.m. ET, learn about online resources and assistance available to homeowners and renters during the coronavirus emergency. -
Reminder: Update EIN Information
The IRS has issued a press release urging entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information. -
CFPB Announces Effective Date for FDCPA Final Rules
The CFPB announced on recently that two final rules issued under the Fair Debt Collection Practices Act will take effect as planned on Nov. 30, 2021. -
Paid Sick and Family Leave Tax Credits
The IRS has updated its frequently asked questions (FAQs) regarding the paid sick and family leave tax credits under the American Rescue Plan Act of 2021. -
Question of the Week
Question: Do credit unions need to incorporate the issue of marijuana-related businesses into their BSA policies and training? Answer: Yes, credit unions should discuss cannabis-related businesses (both marijuana and hemp) in their Bank Secrecy Act policies, procedures, and training sessions. -
InfoSight Content Updates
Visit InfoSight and save yourself the horror of being out of compliance! -
FAQs from the IRS re: Child Tax Credits and Offsets
Many have asked about the right of offset for the recently deposited Child Tax Credits. The IRS has provided several FAQs, with those below specifying past-due funds and garnishments...
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