Kaufman and Canoles



Credit Union Legal Update - November 2013
Sweepstakes are increasing in popularity with credit unions as key marketing tools. But, sweepstakes are highly regulated and can raise significant compliance issues. This article is designed as a very brief overview on the law governing sweepstakes.
By Stephen E. Story and Lender Representation

How A Lawyer Looks At Insurance Coverage Issues
R. Johan Conrod Jr. recently presented, 'How A Lawyer Looks At Insurance Coverage Issues.'
By R. Johan Conrod Jr.

Focus on Fair Lending Presentation - Member Select Mortgage
E. Andrew Keeney recently presented Focus on Fair Lending to Member Select Mortgage at the Credit Union Executive Leadership Summit on November 7, 2013.
By E. Andrew Keeney

CFPB's Final Mortgage Regulations Presentation - MACUMA
E. Andrew Keeney presented CFPB's Final Mortgage Regulations: Ability-to-Repay and Qualified Mortgage Rules to MACUMA on November 4, 2013.
By E. Andrew Keeney

A Synopsis of the Supreme Court of Virginia’s Tunnel Tolls Decision
R. Johan Conrod, Jr. provides a synopsis of the 55-page opinion by the Virginia Supreme Court approving the tolls.
By R. Johan Conrod Jr. and Business Taxation

Fall 2013 Business Tax Group Update
By now, most everyone in Virginia has felt the effects of the 0.3% increase in Virginia Retail Sales and Use Tax. The effects on Hampton Roads taxpayers, however, do not end there. The Virginia General Assembly imposed a Regional Sales and Use Tax in Hampton Roads (and in Northern Virginia), raising the tax by an additional 0.7%. Thus, effective July 1, 2013, the total rate of tax in Hampton Roads went from 5.0% (state and local) to 6.0%
By Business Taxation

FATCA is Coming to Your Foreign Financial Institution – Are You Ready?
The Foreign Account Tax Compliance Act (“FATCA”) was enacted in 2012 in response to concerns that U.S. owners of non-U.S. financial accounts were neither reporting the existence of those accounts nor the income earned by those accounts.
By Alison V. Lennarz and Business Taxation