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The Internal Revenue Service has raised the business mileage rate to 58 cents per mile effective January 1, 2019.
Legislation Will Address Multiple-Party Account Opening Procedures
Last year, the Maine Legislature enacted legislation (LD 968) that changes how financial institutions open multiple-party accounts. Recognizing that our members need additional time to comply…
League and Synergent Leading Efforts to Help Credit Unions Comply with New State Regulation
Earlier this year, the Maine Legislature passed LD 968, which makes changes to the state’s banking code. The changes will impact credit union operations as they…
Compliance: Reg. CC Rule Includes Presumption of Alteration
The Federal Reserve has published a final rule amending subpart C of Regulation CC (Availability of Funds and Collection of Checks) to address check alteration…
New Federal Law Allows Consumers to Place Free Credit Freezes and Year-Long Fraud Alerts
Consumers who are concerned about identity theft or data breaches can now freeze their credit and place one-year fraud alerts for free. The new law also…