November 2020
Executive Briefing
IRS – Life Expectancy Tables
The Internal Revenue Service (IRS) has published a final rule that updates the life expectancy tables that are used to calculate required minimum distributions (RMDs) from IRAs (and other retirement accounts). The life expectancy tables were last updated in 2002.
Short Compliance Topics
• HMDA – HELOC Coverage Threshold
• IRS – Pub. 1220 Correction
• Regulation M – Exemption Threshold
• Regulation Z – Exemption Threshold
Emerging Issues
• Consumer Relief During COVID-19 Act
• Eliminating CECL Accounting Standard Act
• Emergency Savings Accounts Act
• Strengthening Cybersecurity for the Financial Sector Act
• Funds Availability
• STAR Act
• Long-Term Care Affordability Act
• PASS Act
• Small Business Emergency Savings Accounts Act
• Securing A Strong Retirement Act
• Student Loan Relief Act
• Health Savings Accounts For All Act
