Banco Popular de Puerto Rico

“It’s hard to make it mandatory. There are laws about that,” said Jamie Dimon, chief executive officer. “I think what we’d like to do is have carrots and sticks. We want people to take it.”

Estate planners are keeping a close eye on the department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.

The disclosure of the personal income and tax data of some of the wealthiest Americans has been referred to additional federal investigators.

The company is making many employees sift through years of text messages on personal devices and set aside any related to work to ensure U.S. rules on keeping copies of business communications are met even after many months of remote work, according to people with knowledge of the situation.

Wells Fargo will temporarily stop accepting applications for home equity lines of credit, following a similar move by rival JPMorgan Chase.

The bill, which passed the House last week on a 471-1 vote, now heads to President Trump’s desk for his signature.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

The extension to Aug. 8 was offered by Sen. Ben Cardin, a Maryland Democrat, and cleared the chamber by unanimous consent. The House has yet to take up the bill but could pass it as soon as Tuesday night.