CFPB to Temporarily Suspend Card Agreement Submissions (2/25/15) The CFPB issued a proposed rule that would suspend the requirement for credit card issuers to submit card agreements to the CFPB while it develops a more streamlined automated submission system. The temporary suspension would apply to the next four quarterly submissions that were due April 30, July 31, October 31, and January 31. Comments are due by March 13.
FinCEN Web Site to Assist FBAR Filers (2/24/15) FinCEN this week, launched a new web site to assist Report of Foreign Bank Account (FBAR) filers. The new web site can assist individuals and institutions in determining if they are required to file, how to Efile, and provides a full line item of instructions, among other things. The deadline for filing is June 30, 2015.