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Default servicers can expect big changes this year. The Consumer Financial Protection Bureau (CFPB), along with other federal and state regulatory agencies, is targeting much of their rulemaking efforts on default servicing.

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CARES Act Adds to List of HSA Eligible Medical Expenses

(Posted March 31, 2020) On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Included in the legislation are some significant changes to Health Savings Accounts, which among other things adds to the list of expenses that are considered eligible to be paid for with a tax-free HSA distribution.

CARES Act Waives IRA Required Distributions for Everyone in 2020

(Posted March 30, 2020) On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. Included in the legislation are some significant retirement plan provisions including the ability to take penalty-free distributions from an individual retirement account for Coronavirus purposes and a waiver of 2020 required minimum distributions.

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