PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JULY 17, 2018

A new survey from the National Association for Business Economists suggests economists are optimistic about U.S. wages and employment, though not yet because of tax reform. Ninety-four percent said the industry most likely to see sales rise is the goods-producing market.

Taxes 100

Taxes Survey National Training 100

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

South State Correspondent

MARCH 21, 2023

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

Taxes Community Bank Community Operations 195

CFPB Monitor

MARCH 17, 2020

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

Industry 78

Industry Missouri Groups Florida 78

PYMNTS

NOVEMBER 8, 2020

Morgan Chase , Microsoft and the travel industry, are publicly urging a peaceful transition of power after the U.S. Microsoft President Brad Smith voiced a common concern of the business community in urging that a Biden administration focus on coordinating more with other countries on things like climate change and regulation.

US 199

US Leadership Taxes National 199

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

MARCH 18, 2020

The National Restaurant Association (NRA) is forecasting a drop in sales of $225 billion over the next three months due to the outbreak. The NRA asked for a $145 billion recovery fund from the Treasury Department for the restaurant and foodservice industry.

New York City 140

New York City New Jersey Minnesota Pennsylvania 140

PYMNTS

JUNE 16, 2020

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

US 227

US Cyber Security Security National 227

PYMNTS

AUGUST 6, 2019

As a result, the state has also entered the troubled waters of cannabis banking, with legal players in the state’s marijuana industry struggling to access banking and financial services. The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week. Global Payout Inc. subsidiary MTrac Tech Corp.

Louisiana 135

Louisiana Payments Taxes Maine 135

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. Honkook Kim and his Gentle Monster Brand is a perfect example. A modern core system?

Innovation 195

Innovation social media Branding Marketing 195

PYMNTS

SEPTEMBER 27, 2019

Moreover, that tension has created an unusual situation for the legal — or at least legal-ish — cannabis industry. The card networks and nationally licensed banks working across state lines would violate the RICO anti-money laundering laws if they attempted to move the payment. The Proponent’s Pitch .

Taxes 151

Taxes Compliance District of Columbia Industry 151

Independent Banker

AUGUST 31, 2019

“While community banks could certainly benefit from the tax advantages credit unions have, we flourish despite them.”. From Florida to Arizona, credit unions are acquiring community banks at an alarming rate. I will be attending the Community Bankers Association of Illinois and Independent Bankers of Colorado annual conventions.

Community Bank 70

Community Bank Community Taxes Arizona 70

Finer Points

AUGUST 18, 2015

The tax-exempt credit union industry apparently skipped this civics lesson because it obviously doesn’t believe it should have to listen to Congress. The National Credit Union Administration has proposed dramatically revising business-lending rules for these tax-subsidized institutions. Current […].

United States 100

United States Taxes Lending National 100

PYMNTS

APRIL 14, 2020

Other freelancers such as wedding industry vendors saw their ability to work rapidly decline during the pandemic, sending them into their homes to hopefully outlast COVID-19 financially. Another change to the freelancer community in the U.S. Food delivery and Uber drivers, for example, are among those still able to work.

Regulation 285

Regulation Examples United States National 285

Banking 2020

JULY 15, 2015

In an industry where so many financial institutions are trying to provide the same services in order to stay competitive, it is important that they also stand out in their communities. In a few sentences could you please tell us a bit more about National Police Credit Union? If so, what are some examples?

National 40

National Chicago Community Illinois 40

CB Insights

MARCH 21, 2018

In the energy industry, blockchain applications are growing increasingly common. We used CB Insights data to identify the small – but growing – cohort of startups applying blockchain to the energy industry. Instead, those with energy-producing sources, like solar panels, can sell their unused energy to their community.

blockchain 63

blockchain Industry cryptocurrency Examples 63

PYMNTS

MAY 4, 2017

When thinking about Orlando’s tech industry, some say the city’s access to capital, accelerator programs and tech clusters are what sets it apart. Here is an excerpt of the conversation: PYMNTS: Can you describe your personal and/or professional experience with the tech community in Orlando?

Florida 110

Florida United States Taxes Community 110

PYMNTS

FEBRUARY 14, 2019

Despite 47 states having some form of legalized marijuana for sale, the legal cannabis industry exists in a state of potentially dangerous uncertainty when it comes to financial services. But banks, credit unions and card networks shy away from that industry, despite its revenue potential, due to concerns about federal regulatory punishment.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. That is simply not true,” he told PYMNTS. The Benefits of Moving Beyond Cash. The government benefits, too.

Company 170

Company Taxes Compliance Industry 170

PYMNTS

JULY 12, 2018

The town, whose economy was once focused on heavy industry and agriculture, is now home to a myriad of companies in the crypto space. He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world.

blockchain 104

blockchain Taxes Regional New York 104

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. On top of that, MacKrell said the government is not sufficiently enlightening the small business community about the risks of online lenders.

Lending 136

Lending New York Online New Jersey 136

PYMNTS

JANUARY 12, 2017

More rigorous competition is helping to propel the payroll services industry as a whole into a higher standard of data security and overall service. There are five markets in particular that demonstrate these changes in the payroll industry, the report concluded: the U.K., There are risks associated with this trend, however.

Data 100

Data Taxes Compliance Regulation 100

Abrigo

FEBRUARY 24, 2020

The banking industry knows it has a growing problem on its hands when it comes to CRBs and MRBs. Normalization of cannabis was a dominant theme in 2019, and this should encourage financial institutions that want to offer services to the cannabis industry. National Credit Union Association. National Credit Union Association.

Illinois 195

Illinois Regulation United States California 195

Abrigo

DECEMBER 20, 2021

The financial services industry has been contemplating the lack of recent enforcement actions from regulatory agencies, many wondering if the inactivity was due to the pandemic and lack of on-site examinations. Now is the time for community financial institutions to pay attention. The order uncovers nothing new to the industry.

Resources 195

Resources Texas Analysis System 195

PYMNTS

NOVEMBER 6, 2018

Taxes, minimum wage, global trade tariffs — there are a lot of regulatory changes weighing heavily on the minds of U.S. The issue of below-cost reimbursements is perhaps the biggest cash flow pain point for small business owners in this industry. small business owners. So they’re dispensing medications at a loss.”.

Capital 130

Capital Iowa Management Community 130

Independent Banker

OCTOBER 24, 2016

The National Credit Union Administration’s irresponsible power play earlier this year to ignore the explicit member business lending limits Congress has set for credit unions could not be ignored. Community bankers know firsthand the NCUA’s longstanding reputation for bureaucratic featherbedding rather than impartial regulation.

Community Bank 70

Community Bank Community Lending Regulation 70

CFPB Monitor

DECEMBER 22, 2014

Mishkin The American Bankers Association, Consumers Bankers Association, Independent Community Bankers of America, National Association of Federal Credit Unions, and Association of Military Banks of America have submitted a 59-page letter commenting on the Department of Defense’s proposed revisions to its Military Loan Act regulations.

Groups 74

Groups Regulation Industry America 74

Independent Banker

FEBRUARY 24, 2016

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. By flouting congressional authority, the tax-exempt credit union model intended to serve only people of modest means and limited constituencies is on the verge of becoming fraudulent.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

South State Correspondent

MAY 31, 2023

In this article, we look at cell phone tracking data for about 1,000 branches across the industry to derive insights to help banks increase branch engagement and boost branch profitability. The industry has been asking this question for over a decade with few good answers. This fact, however, is rapidly changing.

Data 195

Data Branch Strategies Strategy Mobile 195

PYMNTS

DECEMBER 10, 2018

The services industry led the way, with the professional and business services sector adding 59,000 jobs. The survey revealed a range of data points that reflect SMBs’ optimism: most SMBs expect both national and local economies to improve, and for their revenues to increase in the coming year.

Marketing 148

Marketing Data Survey America 148

South State Correspondent

MARCH 15, 2023

Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. Banks often ignore this risk, particularly those with limited geographical footprints where community members talk. Keep an eye out this weekend for more industry announcements.

social media 195

social media FDIC Branding Management 195

PYMNTS

DECEMBER 14, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. France Hits Amazon, Google With $164 Million in Penalties for Alleged Cookie Violations. The legislation does not specify the manner in which a payment would be handled.

Google 132

Google social media Compliance Regulation 132

Gonzobanker

DECEMBER 17, 2021

Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. MOEs like this are rare in the credit union industry, but we expect with continued demands for scale there will be more. Congrats on a brave move and national recognition Jim!

Fintech 143

Fintech Strategy Leadership Lending 143

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Yet community bankers serving the oil industry say they’ve been expecting a drop in the notoriously cyclical price of crude. billion-asset community bank based in Happy, Texas. By Howard Schneider. percent expansion last year.

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

South State Correspondent

JUNE 13, 2022

One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. Instantly, the cash flow for those businesses that many community banks lent to is impacted. That is a significant change in risk for a material part of a large community bank’s balance sheet.

Risk Management 195

Risk Management Examples social media Management 195