IRS Issues New Guidance on TIGER Grants


In Revenue Procedure 2017-22, the IRS clarified earlier guidance regarding safe harbors for corporate taxpayers receiving grants from the government for capital improvements to transportation services.
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Travel Cautions Relating to Executive Order of January 27, 2017


As you may be aware, President Trump issued an Executive Order (“EO”) on January 27, 2017.
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Court Considers Priority of Replacement Mortgage Over Federal Tax Lien


In the case of Wells Fargo Bank, N.A. v. Svenby, 118 AFTR 2d 2016-5751 (September 8, 2016), the U.S. District Court for the Middle District of Alabama held that Wells Fargo’s replacement mortgage had priority over a Federal tax lien recorded prior to the recordation of the replacement mortgage but after the recordation of the initial mortgage.
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Decision of U.S. Appeals Court and Election of Donald Trump Could Spell Doom for Power of CFPB


The power and independence of the Consumer Financial Protection Bureau (“CFPB”), the federal agency created by the Dodd-Frank Act to facilitate reform in the financial services sector, may be threatened as a result of two significant recent events.
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MSRB Responds to Issuer Complaints and Improves Bank Loan Disclosures on EMMA


In late September, the Municipal Securities Rulemaking Board (“MSRB”) announced that it had taken steps to enhance the bank loan disclosure submission process and the display of these documents on MSRB’s Electronic Municipal Market Access (“EMMA”) system.
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