changes-in-tax-rates-for-2023 
True Accord
JANUARY 10, 2024
2023 brought a whirlwind of an economy, and we spent most of the year trying to predict when things would finally turn around. Despite the optimism, consumers are still battling high prices and interest rates, though the holiday shopping numbers would make you think otherwise. and the economy grew at an annual rate of 4.9%
Troutman Sanders
FEBRUARY 27, 2023
Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period. Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period.
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Troutman Sanders
DECEMBER 4, 2023
On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.
Troutman Sanders
MAY 9, 2023
On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. On May 2, the White House published a blog post, titled “The DAME Tax: Making Cryptominers Pay for Cost They Impose on Others.” The White House estimates that the DAME tax will raise $3.5
Collection Industry News
OCTOBER 21, 2022
As homeowners reel from a sudden surge in mortgage costs, a spike in five-year UK swap rates has also sent chills across Britain’s $1.6 Data from MSCI, which tracks monthly changes over 1,794 properties valued at around 37 billion pounds ($42 billion), showed values fell by 2.6% and Hammerson (HMSO.L)
Troutman Sanders
SEPTEMBER 11, 2023
Tempoe offered financing at the point of sale to customers at major retailers such as Sears and Kmart. Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct. For more information, click here. For more information, click here. For more information, click here.
Troutman Sanders
MARCH 8, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.
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