‘Know Before You Owe’ Rule to be Delayed Two Months

The CFPB announced that it had discovered an administrative error, which prompted the delay.

IRS Releases Revised ‘Certificate of Foreign Status’ Form for Individuals

The IRS has a issued a new form that individuals who are not U.S. citizens or resident aliens can use to claim an exception from information reporting and backup withholding for certain types of income, including financial-institution deposit interest. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “What should be done if the direct deposit of an IRS refund went into an account that doesn’t belong to the intended recipient?”

NCUA Releases Regulatory Alert to Remind Credit Unions of Remittance Transfer Requirements

The regulatory alert reminds credit unions of recent major changes to the Consumer Financial Protection Bureau’s remittance transfer rule, and also serves to remind credit unions of the Oct. 28, 2013, compliance date.

Compliance Question of the Week

What happens if a tax refund was automatically deposited into the wrong account?

Compliance Question of the Week

We received a Notice of Reclamation from the Social Security Administration… but the member is still alive. In fact, he’s standing right in front of me. What should I do?

Compliance Question of the Week

What should be done if an IRS refund direct deposit went into the wrong account?