Thanks to a flurry of legislative and regulatory developments, IRA providers nationwide are fighting uphill battles as they strive to comply with numerous recent changes to the laws governing IRAs. These changes affect virtually every facet of IRA administration and servicing including eligibility, funding, withholding, reporting, required minimum distributions and inherited IRA distributions. As the IRS continues to issue guidance concerning the implementation of these changes, it is imperative that IRA providers stay abreast of these developments—both to help ensure internal compliance as well as to provide top-notch customer service to IRA clients.
By keeping abreast of these changes, IRA providers will be well positioned to better understand and implement the ongoing changes that are being made to the provider’s systems, forms and procedures and be able to identify when additional steps may be warranted to help ensure ongoing compliance.
Several key issues for agriculture loom on the horizon for agriculture. First, the next farm bill is on the horizon. Since the last farm bill was passed, we’ve had trade wars, a pandemic, and a change in leadership for the federal government. Secondly, input prices remain at elevated levels with commodity prices stagnating. This has led to lower expectations for net farm income across much of the United States. The 2024 Advanced Agricultural Banking School seeks to educate bankers on these two themes to best position their bank for what may lie ahead in agriculture.
Please join us as we learn methods to take our security posture to the next level. Security experts will heighten your awareness of trends seen in the industry; industry experts will help us identify concerns of the moment as well as the near and far future. Professionals will share tools they’ve picked up along the way, and help you understand how the tools will impact you, your bank and our banking community.
The Midwest Agricultural Banking School is designed to provide you with the practical aspects of agricultural credit & finance, farm management, marketing & related subjects. The development and implementation of this curriculum has involved literally hundreds of bankers and has resulted in a nationwide system of quality banker education.
Please join us as we learn methods to take our security posture to the next level. Security experts will heighten your awareness of trends seen in the industry; industry experts will help us identify concerns of the moment as well as the near and far future. Professionals will share tools they’ve picked up along the way, and help you understand how the tools will impact you, your bank and our banking community. Don’t miss this opportunity to network with other community bank cybersecurity personnel, security providers and industry experts!
Due to a court case (which the CFPB apparently lost) the threshold for reporting 2023 HMDA data is MANDATORY for all banks with:
As a result, HMDA may be new to your institution. Or, if you were able to stop reporting for the last few years while the minimum was 100 originations, you may need to start reporting again beginning January 1, 2023.
The annual Midwest Trust and Wealth Management Conference is a must for wealth management and trust professionals throughout Michigan and our neighboring states. Featuring top-notch speakers and materials, continuing education credit (CTFA, CFP, CPE) and valuable networking opportunities, the event is a do-not-miss event. Check back for 2024 dates!