Posts Categorized: Financial Services

Atlanta, Ft. Lauderdale lead in bank customer complaints, CardsMix study shows

Posted filed under Financial Services.

For our study on bank customer complaints we combined Consumer Financial Protection Bureau (CFPB) statistics with the 2010 US census data on population. A majority of the 500,000+ bank clients’ complaints are mortgage related – it represents more than 38% of the total number. Regional breakdown of complaints is quite consistent across all participating regions… Read more »

FATCA ramps up, and Penny is ready

Posted filed under Financial Services.

The IRS has issued many advisories on FATCA and the significant new reporting responsibilities that it entails for financial institutions, administrators, and funds. Fortunately, the Arpil, 2015 release of the Penny It Works® fund accounting system contains a wealth of features to greatly reduce the effort required to comply with FATCA. The centerpiece of FATCA… Read more »

$1.5 million Fine for Employers who Fail to File IRS Affordable Care Act Reporting Requirements

Posted filed under Financial Services.

Corporate benefits firm ExpertQuote Insurance Services Inc., has announced a complimentary expert webinar focusing on ACA employer reporting and IRS requirements by attorney Caitlin Gadel. Separate from the ‘Pay vs. Play’ (Employer Mandate) rule, large employers are required to report certain information to the IRS in 2016 about the 2015 year. Large employers are also… Read more »