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Community banks are thriving in Texas

Independent Banker

Here’s how four community banks are thriving in this environment. Corporate relocations and expansions—influenced by factors like affordability, low corporate tax rates, no personal income tax and a rich talent pool—have contributed to a momentum that isn’t likely to subside soon. Photo by Dennis Burnett. By Mindy Charski.

Texas 182
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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Taxes 193
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. In 2020, the U.S.

Taxes 195
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Elder Abuse Awareness Day 2022: Red Flags for BSA/AML Staff

Abrigo

World Elder Abuse Awareness Day is an international United Nations observance day commemorated each June 15 by most countries around the globe. Elder abuse and elder financial exploitation (EFE) are growing concerns in our families and communities, especially as the baby boomer generation hits their senior years. billion in 2019.

Training 195
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FinTech Pressures FI Giants To Strengthen SMB Lending In Mexico

PYMNTS

Mexico’s small business community is struggling with a lack of access to credit, reports said, offering an opportunity for alternative lenders and even finance giants to strengthen their position there. The nation’s FinTech landscape “is significantly less crowded in Mexico than it is in the U.S.,” ”

Lending 189
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The Need for a FinCEN Database

Abrigo

The US is at a disadvantage without a national beneficial ownership registry. . Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community. Is a national beneficial ownership database in the works? The importance of CDD and EDD around beneficial ownership.

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Industry Trade Groups Respond to FHFA Request for Input on PACE Transactions

CFPB Monitor

FHFA describes PACE transactions as being part of residential energy retrofitting programs that are created through special state legislation and result in the financed part of the transaction resulting in a tax assessment on the home, which is a ‘‘super-priority lien’’ over existing and subsequent first mortgages. (As