The Computer Re-Life Program at Ruth’s Reusable Resources works with local companies to recycle technology and make it available for Maine teachers and students
Late Monday night, Congress overwhelmingly approved a $900 billion COVID relief package that is expected to be signed into law by the President soon. While we are still digesting the over 5,500 pages of text, we wanted to make our financial institution clients and friends aware of some of the
(A discussion of PPP features in the Consolidated Appropriations Act of 2021) On Monday night, Congress passed the Consolidated Appropriations Act, 2021 (the “Act”), which includes another round of COVID-related stimulus. The stimulus-related portions of the law consumed much of the negotiations over the last week, and included in the
The Consolidated Appropriations Act of 2021 On Monday Congress passed significant legislation that President Trump is expected to sign into law soon. Rumor is that this bill set the record for length of legislation, and by a large margin. The 5,593-page document contains multiple pieces of legislation combined into one,
At its meeting on December 15, the FDIC approved a final rule on brokered deposits and its new method for computing the “national rate cap” – both of which have a significantly larger impact on institutions which are less than “well capitalized” due to the restrictions on the use of brokered deposits imposed on them.
This is a continuation of our Using a SOC Report to Evaluate a Service Organization series.
The following table summarizes the Accounting Standards Updates (ASUs) previously issued by the Financial Accounting Standards Board (FASB) which become effective and require adoption by calendar year-end financial institutions January 1, 2021.