The CFPB has issued “
The report indicates that in May 2020, the Bureau rescheduled about half of its planned examinations and instead conducted prioritized assessments (PAs) in response to the COVID-19 pandemic. The Bureau describes PAs as “higher-level inquiries than traditional examinations [that are] designed to obtain real-time information from a broad group of supervised entities that operate in markets posing elevated risk of consumer harm due to pandemic-related issues.” According to the Bureau, PAs are not intended to identify legal violations but rather to spot and assess risks and communicate such risks to supervised entities so they can be addressed to prevent consumer harm.
Lawmakers propose tax credits for struggling homes and businesses accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
VERIFY: Where’s my second stimulus payment? Here’s how to track it down and get your money.
The IRS says it has already distributed more than $270 billion as part of the second round of Economic Impact Payments. But lots of people are still waiting. Author: Bob Segall Updated: 4:31 PM CST January 27, 2021
INDIANAPOLIS The IRS says it has already distributed more than $270 billion as part of the second round of Economic Impact Payments.
But lots of people are still waiting for their stimulus. In fact, the most popular question (by far) for the 13News VERIFY Team right now is from viewers who want to know why they have not yet received their payment.
To embed, copy and paste the code into your website or blog:
On January 19, 2021, the Consumer Financial Protection Bureau (CFPB or Bureau) published a special edition of its Supervisory Highlights focused on its COVID-19 Prioritized Assessments. As Cadwalader previously wrote, the CFPB announced in July 2020 that it had sent targeted information requests to supervised financial institutions regarding the consumer risks posed by the pandemic, including how institutions were implementing the special borrower protections under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Among its many features, the CARES Act provides relief to consumer and small business borrowers, such as the temporary small business lending program known as the Paycheck Protection Program (PPP), forbearance programs for federally backed mortgages and student loans, and amendment of certain provisions of the Fair Credit Reporting Act (FCRA) to address reporting of delinquent or defaulted loans. Fi
POLITICO
Democrats’ plan to fight child poverty: Monthly cash for kids
It’s designed to substantially reduce the number of children living in poverty by getting money into their parents pockets quickly and steadily.
Susan Walsh-Pool/Getty Images
Link Copied
In the past year, the government has sent stimulus checks to half the country twice.
Now, Democrats want to do something even more ambitious: Send cash each month to tens of millions of low-income people with children.
As part of their latest coronavirus stimulus plan, Democrats are drafting a proposal to expand and transform a long-standing tax credit for children normally taken once a year at tax time into a monthly payment. They aim to send $250 each month per child $300 for kids under the age of six in what would be the country’s first-ever child allowance.