Blog
GMU Scalia Law school lecture outline on fintech presentation Jan 2020
See link below. Lecture on fintech, outline included below. Thanks.Tim McTaggart, December 31, 2019 https://drive.google.com/file/d/0B8XCK5ad-trzU3h2ampGcW10UHBYTl9mUllnbnVhWWpHZzJF/view?usp=gmail&ts=5e0b6a19https://drive.google.com/file/d/0B8XCK5ad-trzU3h2ampGcW10UHBYTl9mUllnbnVhWWpHZzJF/view?usp=gmail&ts=5e0b6a19
Read MoreFurther Comments on Proposed Community Reinvestment Act regulations
I previously posted comments on December 13, 2019 on the Proposed CRA revision by the OCC and the FDIC. I am providing further comments in this posting and I would not rule out additional comments in a future posting. In short, the Proposed CRA revision is that complicated. Also, it lacks a certain intuitive “feel” […]
Read More2nd Annual FinTech Forum in Delaware
Last week on December 11, 2019, I joined J.C. Boggs, and Dan Quan, fellow advisory board members at the First State FinTech Lab in Wilmington, Delaware for a Compliance and Regulatory Discussion. Boggs is a Partner at King & Spalding and organized the panel and Quan is a Managing Partner at Banks Street Advisory and […]
Read MoreBrief Comments Regarding the Proposed CRA Revision by the OCC and FDIC
The FDIC and OCC yesterday released a 239 page proposal for public comment to review the Community Reinvestment Act responsibilities of insured banks under the 1977 CRA Act. The proposal is motivated in large part to modernize the CRA rules in light of technological changes in bank delivery of products in the Internet age, a […]
Read MoreLegal considerations for trust offices/banks involved with art collection issues for clients
There has been an increase in legally related activity as art becomes more of a business with ever growing monetary valuations and popularity of star artists among wealthy clients and the populace at large. This blog posting will identify some of the key considerations that trust offices and banks involved with art collections might encounter. […]
Read MoreFederal Reserve Proposed Control Regulations
The Federal Reserve proposed a comprehensive clarification to its control regulations and related requirements earlier this year, with comments due in July 2019. The Fed received 25 comment letters on their proposal, mostly from banking and financial services trade associations as well as from law firms representing banks and from some banks directly. The Fed’s […]
Read MoreNewsflash–Treasury Secretary Mnuchin spends 50% or more of his time on national security issues/economic sanctions by Tim McTaggart
Interview with U.S. Dept of Treasury General Counsel, Brent McIntosh Last month, I interviewed U.S. Department of Treasury General Counsel, Brent McIntosh. He served as the lunchtime keynote speaker at the Women in Housing and Finance Annual Symposium in Washington, D.C. There was no recorded link made for the event but I would be happy […]
Read MoreWrapping up Blog Postings on Interest on HELOCs and home equity loans often still deductible under new law by Tim McTaggart
As noted in several prior blog postings by me on McTaggart legal.com and LinkedIn, on February 21, 2018, in IR-2018-32, the IRS advised taxpayers that “in many cases they can continue to deduct interest paid on home equity loans.” And, the same is true for HELOCs. As noted by the Service, “The Tax Cuts and […]
Read MoreBanks need new insight on HELOCs and home equity loans by Tim McTaggart
As noted in an earlier blog posting, the IRS on Feb. 21, 2018 announced in IR-2018-32 that, interest on home equity loans often still deductible under new law–namely the Tax Cuts and Jobs Act of 2017, enacted on Dec. 22, 2017.
Read MoreIRS says that interest on home equity loans often still deductible under Tax Cuts and Jobs Act of 2017 by Tim McTaggart
The following does not constitute tax advice, nor legal advice. Please contact me to discuss your particular circumstances or contact your tax and/or legal adviser to discuss your particular circumstances.
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