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Banking and Finance

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CPA group says IRS filing and payment extension doesn’t go far enough

The one-month extension of the federal income tax filing and payment deadline for some taxpayers does not go far enough to help small business owners who most need the relief, says the American Institute of …

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Lincoln Savings Bank tops list of most active IFA lenders in Iowa

Lincoln Savings Bank was the top mortgage lender in the state through Iowa Finance Authority loan programs, according to the 2020 IFA Top Lender list released by the agency. The awards were given to the lending institutions …

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Labor Department holds off on enforcement of ESG rules for 401(k) plans

The U.S. Department of Labor said Wednesday it won’t be enforcing a Trump-era rule that makes it tougher for 401(k) plans to invest in socially minded funds, the Wall Street Journal reported. The agency is reviewing a …

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Labor Department holds off on enforcement of ESG rules for 401(k) plans

The U.S. Department of Labor said Wednesday it won’t be enforcing a Trump-era rule that makes it tougher for 401(k) plans to invest in socially minded funds, the Wall Street Journal reported. The agency is reviewing a …

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Iowans urged to wait to file taxes as unemployment rules shift

Des Moines Register: With Congress passing a COVID-19 relief package Wednesday that includes tax forgiveness for unemployment benefits — and with the Iowa Legislature debating a similar proposal — Iowa accountants are telling clients to pause …

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Treasury announces $9B available for Emergency Capital Investment Program

The U.S. Treasury announced that it is opening the application process for the Emergency Capital Investment Program, a new initiative designed to support access to capital in communities traditionally excluded from the financial system and that have …

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Iowa banks’ loans and deposits up in 2020, but net income dips

Loan volume at Iowa-chartered banks increased by 5.8% in 2020 over 2019, according to the latest data filed with the Federal Deposit Insurance Corp. Iowa banks recorded nearly $68.1 billion in active loans on their…
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IRS: Employers will have additional discretion in FSA, dependent care plans in ’21, ’22

The Internal Revenue Service announced it will give employers additional discretion over the next two years in adjusting flexible spending accounts and dependent care assistance programs due to the pandemic. Under the COVID-related Taxpayer Certainty and Disaster …

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NOTEBOOK – ONE GOOD READ: How much of your money do you want working for you?

More and more people have large sums of money in savings – and it’s way more than any financial-planning manual or guru will tell you to have, writes Brian Hood, who is a certified financial planner and …

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Workiva names Jill Klindt as chief financial officer

International data compliance software firm Workiva has named Jill Klindt as chief financial officer following Stuart Miller’s retirement as executive vice president and chief financial officer after seven years, the Ames company announced this week. Klindt …