Before 2019 came to a close, President Trump signed legislation to repeal the unrelated business income tax on certain employee transportation fringe benefits. Originally created by the Tax Cuts and Jobs Act of 2017, the unrelated business income tax...

Core system conversions can be one of the most-costly activities a financial institution undertakes. It’s a strategic decision that involves both cash expenditures and dedicated time from some of the organization’s most capable personnel. Given t...

On June 5, 2019, the Consumer Financial Protection Bureau (CFPB) announced  it had settled with Freedom Mortgage Corporation (Freedom) over Home Mortgage Disclosure Act (HMDA) violations. The CFPB found that Freedom, one of the ten largest HMDA repo...

The practical application of Trouble Debt Restructuring (TDR) accounting guidance has been a long-standing discussion topic between Doeren Mayhew’s Financial Institutions Group and our clients. This is because TDR guidance needs to be interpreted a...

A significant amount of time is committed to any internal audit. Scheduling, planning, information requests, questionnaires, walk-throughs, interviewing, testing and documenting are all part of the audit process. Yet, even though 90 percent of the ho...