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Changes to IRS Form W-9
TIPs Bulletin 13-42 examines new instructions and changes when using IRS Form W-9 (Request for Taxpayer Identification Number and Certification, and instructions), as well as additional details, new exemption codes, and the W-9 form's modified certification statement.
California Unclaimed Property Holder Notice Reports
TIPs Bulletin 13-41 looks at state Unclaimed Property Holder Notice Reports due to the state controller's office (before Nov. 1, 2013) for accounts and property with no activity for the past three years, and summarizes the reporting process.
California Minimum Wage Increases
TIPs Bulletin 13-40 spotlights the recently passed Assembly Bill 10, which states that the minimum wage for all industries will be no less than $9 per hour as of July 1, 2014, and increasing to $10 per hour by Jan. 1, 2016.
2013 Mortgage Rule Revisions/Clarifications
TIPs Bulletin 13-39 highlights finalized corrections, clarifications, and amendments to the Consumer Financial Protection Bureau's (CFPB) Ability-to-Repay and mortgage servicing rules.
New $100 Bill
The Federal Reserve began supplying financial institutions with a redesigned $100 note today that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.
"Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world," the Fed said in a statement.
InfoSight Weekly Newsletter
Don't forget to read the InfoSight Weekly Newsletter on a regular basis to catch up on current research and compliance issues. InfoSight is your online compliance guide, giving you resources available 24 hours, 7 days a week as part of your League membership.
POLICYWORKS MLA UPDATE
updated 08/23/16 07:36 AM
Plus, DoD's Database Info
PolicyWorks, compliance services powered by your League membership, is hosting a Military Lending Act (MLA) Town Hall webinar on Thursday, Aug. 25 to discuss upcoming changes to the rule.
INFOSIGHT SURVEY REQUEST
updated 08/16/16 08:09 AM
Plus, Latest PolicyWorks Newsletter
League InfoSight has issued an annual survey regarding its products (InfoSight, CU PolicyPro and ComplySight), requesting credit unions complete the survey prior to Aug. 26. These survey results will help League InfoSight ensure these compliance products are meeting the needs of credit unions. Click here to access the survey.