The Internal Revenue Service (IRS) issued a final rule that implements information reporting and withholding tax provisions under the Foreign Account Tax Compliance Act (FATCA). The rule describes the step-by-step process for U.S.
Glenn Barks, president/CEO of First Community Credit Union (Chesterfield) has been named the new chairman of the St. Louis Federal Reserve Board's 2013 Community Depository Institute Advisory Council (CDIAC). He joined the 12-person council in 2011.
Representatives from Missouri credit unions and the Missouri Credit Union Association (MCUA) were in Jefferson City to attend the inaugural events held January 13-14. During the two-day event, credit union leaders met with lawmakers and other distinguished guests, including State Treasurer Clint Zweifel (D) who held an inauguration reception Sunday evening.
The Consumer Financial Protection Bureau (CFPB) has finalized the qualified mortgages (QM) regulations, also known as the "ability-to-repay" mortgage rule. The rules are posted to the bureau's website and now may be considered "issued."