November 15 2024

There’s Good and Bad in the Senate Draft Tax Bill

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Senate Finance Committee Chairman Max Baucus has released the draft of his tax bill that includes some good news and some bad news for credit unions. The good news is that the credit union tax exemption is not affected. The bad news is that the bill would require financial institutions to report all accounts that have no or nominal earnings during the tax year and would expand the scope of information that would need to be reported on IRS Form 1098 (for mortgage interest reporting).

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Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

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Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

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Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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