The annual playoffs for Major League Baseball will soon begin in the U.S.
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Individuals or companies with undisclosed foreign financial assets or income have until September 28, 2018 to enter the IRS’s Offshore Voluntary Disclosure Program.
The number of FDIC-insured institutions in the U.S. was at 5,670 as of March 30, 2018, down from 8,534 as of December 31, 2007. Over the past five years, 1,292 institutions have been absorbed by mergers and 63 have failed. Another factor behind the reduced number of institutions, however, is the small number of de novo banks.
By Karla L. Reyerson & Sten-Erik Hoidal
Community banks are no strangers to privacy and data security laws. The latest trends in privacy laws, however, are not limited to certain industries, and they include privacy rights for consumers that could have a significant impact on how companies treat customer information.
By Levi J. Smith & Olivia Cares
The May 11, 2018, implementation deadline for the Financial Crimes Enforcement Network’s Beneficial Ownership Rule has now passed, and there are fundamental changes in the daily customer due diligence obligations of banks and other financial institutions.
Beginning September 11, 2018, USCIS has announced that it will be expanding the temporary suspension of premium processing beyond cap-subject H-1B petitions to include certain additional H-1B petitions.
On August 17, the SEC adopted amendments to Regulation S-K intended to simplify and update disclosure requirements, including disclosure requirements that had become duplicative or outdated.
On August 13, President Trump signed into law the Foreign Investment Risk Review Modernization Act, which expands the role of the Committee on Foreign Investment in the United States in reviewing national security concerns arising from transactions in which foreign individuals or entities invest in or acquire U.S. businesses.
SEC Expands Companies’ Ability to Issue Securities Pursuant to Compensatory Arrangements, Solicits Public Comment on Further Modernization
On July 18, the SEC announced that it had taken two steps towards allowing companies to more easily pay their employees in stock while still complying with federal securities laws.
On June 28, the SEC announced that it had voted to amend the definition of “smaller reporting company” to expand the number of companies that qualify for certain existing scaled disclosure accommodations.