FIL-14-2020 March 6, 2020 Interagency Statement on Pandemic Planning Printable Format: FIL-14-2020 – PDF (PDF Help) Summary: Pandemic preparedness is an important part of financial institutions’ business continuity planning. Regulated institutions should periodically review related risk management plans, including continuity plans, to ensure their ability to continue to deliver their products and services in a […]
Monthly Archives: March 2020
IRS extends April 15 and other upcoming deadlines, provides other tax relief for victims of Tennessee tornadoes
IR-2020-51, March 6, 2020 WASHINGTON — Victims of this week’s tornadoes and severe storms in parts of Tennessee, including Nashville, will have until July 15, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area designated by […]
Tea Marketer Misled Consumers, Didn’t Adequately Disclose Payments to Well-Known Influencers, FTC Alleges
Note: The FTC will host a conference call for media with Andrew Smith, Director of the FTC’s Bureau of Consumer Protection:Date: March 6, 2020Time: 11:30 a.m., ETCall-in: 844-767-5651, confirmation number 2279256Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. A marketer of teas and skincare products […]
Two updated IRA publications, other online resources can help anyone planning for retirement
IR-2020-50, March 6, 2020 WASHINGTON — The Internal Revenue Service has updated two comprehensive publications designed to help anyone making IRA contributions or receiving IRA distributions for tax year 2019 or considering making retirement donations before April 15, 2020. The 2019 editions of Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Publication 590-B, Distributions […]
OCC Requests Comments on Proposals to Eliminate Unnecessary Licensing Requirements
News Release 2020-28 | March 5, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a proposal for public comment to update and clarify licensing policies and procedures and eliminate unnecessary requirements consistent with safe, sound, and fair operation of the federal banking system. The proposal would make various changes […]
2020 National Interagency Community Reinvestment Conference March 9-12 in Denver is Postponed
News Release 2020-27 | March 5, 2020 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of Comptroller of the Currency After careful consideration of the growing public health concerns associated with the coronavirus (COVID-19), the organizing sponsors of the 2020 National Interagency Community Reinvestment Conference (NICRC), scheduled March […]
Comptroller of the Currency Statement on the House Financial Services Committee’s Report on Wells Fargo
News Release 2020-26 | March 5, 2020 Share This Page: WASHINGTON — Comptroller of the Currency Joseph M. Otting today issued the following statement regarding the recent House Financial Services Committee’s report on Wells Fargo. The Office of the Comptroller of the Currency shares the House Financial Services Committee’s commitment to ensuring all banks operate in […]
Treasury Sanctions Nicaraguan National Police and Police Commissioners Involved in Human Rights Abuse
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated the Nicaraguan National Police (NNP), the primary law enforcement entity in Nicaragua, for its role in serious human rights abuse in Nicaragua. Additionally, OFAC designated three NNP commissioners, Juan Antonio Valle Valle, Luis Alberto Perez Olivas, and Justo Pastor […]
Tax Time Guide: Payment options available for those who owe
IR-2020-48, March 5, 2020 WASHINGTON — The Internal Revenue Service today reminded taxpayers that if they need to make a tax payment or owe and can’t pay, the IRS offers several options. This news release is part of a series of IRS tips called the Tax Time Guide, designed to help taxpayers file an accurate […]
IRS Criminal Investigation veteran selected as new Fraud Enforcement Director
IR-2020-49, March 5, 2020 WASHINGTON — As part of a continuing focus on compliance issues, the Internal Revenue Service announced today that Damon Rowe will serve as the agency’s director of the newly created Fraud Enforcement Office beginning in mid-March. Rowe and the new office will reside in the IRS Small Business/Self Employed Division and […]