irs_notice2009-60_aug2009_taxprepareroversight.pdf This comment letter answers two of the nine questions posed by the IRS in Notice 2009-60. These two questions address the need for additional legislative, regulatory, or administrative rules to prohibit the sale of financial products connected with...
Clearly, as new consumer protections are debated, lawmakers must ask some tough questions, not the least of which is: Which deserves more punishment—a misplaced trust in the process, or an active intent to deceive? In their paper, “A...
The agency would require understandable disclosure, not the reams of fine print that has trapped business owners in unfavorable credit card contracts. It would prohibit unfair and deceptive practices, not let hazardous products like automobile title loans, which many...
We applaud their action to protect consumers from predatory, abusive, and unfair financial practices. Other public servants should follow suit in voicing support for this legislation, which would improve the lives of their constituents and strengthen communities by...