DOL Withdraws Independent Contractor Rule

May, 12 2021

The U.S. Department of Labor announced withdrawal of the Independent Contractor rule for determining how workers are classified under the Fair Labor Standards Act (FLSA).

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NAR Submits Comment to CFPB on Pandemic Servicing

May, 11 2021

NAR sent a response to the Consumer Financial Protection Bureau (CFPB)’s Notice of Proposed Rulemaking (NPRM), titled "Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X."

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Court Rules on CDC Eviction Moratorium

May, 7 2021

On May 5, 2021, the U.S. District Court for the District of Colombia struck down the Center for Disease Control’s (CDC) nationwide eviction moratorium set to expire at the end of June, concluding the moratorium exceeds the limits Congress placed on the CDC’s authority.

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FinCEN Renews Its Geographic Targeting Order (GTO)

April, 30 2021

The Financial Crimes Enforcement Network (FinCEN) issued an updated Geographic Targeting Order (GTO) effective beginning on May 5, 2021 until October 31, 2021.

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House Passes SAFE Banking Act

April, 23 2021

The bill provides a clear framework for cannabis businesses—or businesses that work with them—access to federally-insured financial institutions in states that have legalized cannabis.

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PPP Fix For "Schedule C Filers" Introduced

April, 23 2021

Bipartisan legislation has been introduced to increase the equity for "Schedule C Filers" who took out Paycheck Protection Program (PPP) loans prior to March 2021.

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Treasury Issues Homeowner Assistance Fund Guidance

April, 20 2021

The recently enacted American Rescue Plan Act included $9.9 billion in relief for homeowners to be administered through a new Homeowner Assistance Fund (HAF).

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NAR Supports Student Loan Counseling Bill

April, 16 2021

NAR thanks Congress for elevating the issue of student debt, expresses NAR’s concern, and outlines NAR’s position.

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