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Category: Finance


Business Law & Regulations, Finance

EBA final report on draft ITS on supervisory disclosure

June 23, 2023

Via: LexBlog

On 22 June 2023, the European Banking Authority (EBA) published a final report on the draft Implementing Technical Standards (ITS) amending Commission Implementing Regulation (EU) No 650/2014 laying down ITS with regard to the format, structure, contents list and annual […]


Business Law & Regulations, Finance

Proposed Legislation Would Allow 403(B) Plans to Invest in Lower-cost Collective Investment Trusts

June 8, 2023

Via: JD Supra

CITs, which are a type of common law trust, can have a number of advantages over mutual funds. Generally, CITs can be set up more quickly than mutual funds and can also be less expensive to maintain. In particular, CITs […]


Business Law & Regulations, Finance

The IRS Starts the Summer with a Splash: New Guidance for Self-Correction

May 30, 2023

Via: National Law Review

As discussed in an earlier blog post, the SECURE 2.0 Act of 2022 (the Act) expanded the Employee Plans Compliance Resolution System (EPCRS), a comprehensive IRS program for correcting common qualified retirement plan failures. Plan sponsors have three ways to […]


Business Law & Regulations, Finance

Ohio Federal Court Holds Mortgage Lender’s Assessment of Post-Acceleration Late Fees Was Authorized by Loan Documents

May 12, 2023

Via: LexBlog

In Schmitt v. Security National Servicing Corporation, the plaintiff filed a class action complaint alleging violations of the Fair Debt Collection Practices Act (FDCPA) and Ohio Residential Mortgage Lending Act (RMLA) premised on the assertion that her loan documents did […]


Business Law & Regulations, Finance

CFPB Issues Advisory Opinion on “Zombie Debt”

April 27, 2023

Via: LexBlog

On April 26, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the […]


Business Law & Regulations, Finance

CFPB Issues Guidance on “Abusive” Conduct in Financial Markets

April 10, 2023

Via: National Law Review

On April 3, the CFPB issued a policy statement explaining the legal prohibition on “abusive” conduct in consumer financial markets provided in the Consumer Financial Protection Act (CFPA) and provided a summary past enforcement where these provisions have been applied. […]


Advertising & Marketing, Business Law & Regulations, Finance

Maximize Your Online Presence: 3 Reasons Why You Must Invest in a Social Media Agency

April 3, 2023

Via: Entrepreneur

Social media is a part of our everyday lives. In the past decade, it has taken over much of our time, from scrolling through the posts of family and friends to meeting new people and engaging with the world around […]


Business Law & Regulations, Finance

The future of green finance in the UK: UK Government publishes updated Green Finance Strategy

March 31, 2023

Via: LexBlog

On 30 March 2023, the UK Government published an updated Green Finance Strategy (the “Strategy“). The Strategy, which updates the UK’s 2019 Green Finance Strategy, outlines how “continued UK leadership on green finance will cement the UK’s place at the […]


Business Law & Regulations, Finance

Payroll in Hawaii: Everything Employers Need to Know

March 14, 2023

Via: Fit Small Business

Processing payroll in Hawaii requires you to register for an Employee Identification Number (EIN) with the IRS. You’ll need to register with the Hawaii Department of Taxation and Department of Labor & Industrial Relations for withholding and unemployment accounts. While […]


Business Law & Regulations, Finance

Workflow of the Week: Simplifying Financial Management Heading into Tax Season

February 15, 2023

Via: JD Supra

Streamline your financial management process and ensure compliance with self-service workflow automation. A recent survey revealed that workers spend at least 25% of the work week – over two hours per day – looking for the information that they need […]


Business Law & Regulations, Finance

How To Separate Business & Personal Finances in 10 Steps

December 27, 2022

Via: Fit Small Business

Step 1: Get an Employer Identification Number (EIN) If you haven’t applied for an EIN from the IRS, that should be your first step. Getting an EIN from the IRS is free, and it can be applied for online, by […]


Business Law & Regulations, Finance

How To Open a Sole Proprietorship Bank Account in 4 Steps

December 12, 2022

Via: Fit Small Business

Opening a business bank account as a sole proprietor is easy and important for your business. It allows you to keep business and personal finances separate, helps you build business credit and reputation, and simplifies your tax preparation. All you […]


Business Law & Regulations, Finance

EU Lawmakers Pass Landmark Crypto Regulation Bill

October 11, 2022

Via: Investopedia

The European Union (EU) lawmakers have passed the Markets in Crypto Assets Regulation (MiCA) bill, a landmark piece of legislation aimed at regulating the digital asset market. The members voted 28 to 1 in favor of the landmark new crypto […]


Business Law & Regulations, Finance

CFPB issues Student Loan Servicing Special Edition of Supervisory Highlights

October 4, 2022

Via: LexBlog

Last week, the CFPB issued a “Student Loan Servicing Special Edition” of Supervisory Highlights. In this blog post, we highlight a stealth expansion of supervisory jurisdiction and focus on the CFPB’s findings in two key areas: Transcript withholding policies at […]


Business Law & Regulations, Finance

Revenue Ruling

September 29, 2022

Via: Investopedia

A revenue ruling is a public decree issued by the Internal Revenue Service (IRS) that essentially has the force of law. A revenue ruling outlines the IRS’s interpretation of the tax laws and is binding on all IRS employees and […]


Business Law & Regulations, Finance

What Is the Law of Large Numbers?

September 23, 2022

Via: Investopedia

The law of large numbers, in probability and statistics, states that as a sample size grows, its mean gets closer to the average of the whole population. This is due to the sample being more representative of the population as […]


Business Law & Regulations, Finance

How Do Student Loans Factor Into Your Taxes?

September 19, 2022

Via: Investopedia

The student loan interest tax deduction is designed to reduce your taxable income, based on how much student loan interest you’ve paid during the year. It’s important to note that you don’t receive a deduction based on how much you’ve […]


Business Law & Regulations, Finance

Short (Short Position) Definition

September 12, 2022

Via: Investopedia

A short, or a short position, is created when a trader sells a security first with the intention of repurchasing it or covering it later at a lower price. A trader may decide to short a security when she believes […]


Business Law & Regulations, Finance

What Is Borrower Defense?

September 6, 2022

Via: Investopedia

What Is Borrower Defense? Borrower defense loan discharge, often shortened to “borrower defense,” is a federal regulation that allows students who have been defrauded by their college, university, or career school to seek forgiveness for their student loans. You may […]


Business Law & Regulations, Finance

On-Demand Pay: Employees Love It, But Tax Implications Linger

September 2, 2022

Via: National Law Review

Research suggests that more than 60 percent of U.S. workers would like to be able to access their earnings before their regularly scheduled paydays. Responding to this desire, many employers and their payroll providers now offer so-called on-demand pay arrangements […]