Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

The Ninth Circuit, in a 2-1 decision, held that the IRS had properly obtained written managerial approval of a penalty imposed on the taxpayer, reversing a Tax Court decision. After Appeals sustained ...

On January 14, the NCUA issued a letter outlining its supervisory priorities and examination program updates for 2026. The letter ...

The Consumer Financial Protection Bureau issued a final rule Tuesday clarifying that supervisory guidance is not backed by the same force as law or regulation. First proposed in October 2020, the CFPB ...

The CFPB is rescinding its existing enforcement and supervision priority documents, according to a memo sent to bureau staff by CFPB Chief Legal Officer Mark Paoletta. The CFPB will focus its ...

As federal agencies continue to face unsettled budgets and declining staffing levels, many organizations will likely turn to traditional strategies for reducing personnel costs. These strategies ...

The Federal Reserve Thursday published its semiannual supervision and regulation report that the central bank is identifying problems among banks of all sizes, with large banks experiencing governance ...

For years, the composition and professionalisation of supervisory boards have been central topics in the debate on good corporate governance. The German Corporate Governance Code has introduced ...

The Federal Reserve Board said in its semiannual Supervision and Regulation report Friday that banks of all sizes have faced supervisory downgrades in the last year due to liquidity and interest rate ...

The Society of Investment Professionals in Germany (DVFA) has updated its position on the independence of supervisory board members. The 2024 AGM season highlighted investor concerns at some major ...