Banking

The Internal Revenue Service has suspended its $7.25 million contract with Equifax after the company admitted to finding a malware link on its website on the heels of a data breach that exposed the personal information of approximately 146 million people in the U.S.

The Mastercards can be whitelabeled so firms can offer the product to their clients.

The Internal Revenue Service will be bringing back its IRS Data Retrieval Tool on October 1 for people applying for federal student aid.

The American Institute of CPAs said Monday that it supports a new policy from the National Credit Union Administration on how audit reports on credit unions should be submitted.

Sen. Chuck Grassley, R-Iowa, and a group of 14 other senators from both parties are asking the Internal Revenue Service and the Treasury Department to clarify their rules to enable more lenders to refinance student loans.

Senators ask the Public Company Accounting Oversight Board about auditing rules in the wake of a high-profile scandal involving the opening of millions of customer accounts.

Ask your business clients how they know whether their business is successful, and many of them are likely to answer, “I check my bank balance.”

Security concerns could keep the data tool down for weeks.

The service will provide loans and lines of credit to U.S. and Canada-based customers.

Preparation, research and evaluation: The three horsemen of the loanocalypse.