PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated.

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PYMNTS

NOVEMBER 29, 2017

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. The problem crops up with the “legal-ish” description of the weed industry. Where we come at it from, is there are not a whole lot of solutions available to the cannabis industry.

blockchain 102

blockchain Industry District of Columbia Florida 102

PYMNTS

MARCH 17, 2020

In addition, dynamic pop-up, cultural, artistic or community-oriented programming aligned with these goals will be encouraged to ensure that the space functions as a vibrant asset and experience for residents and visitors,” according to the statement. has hiked the normal commercial property tax rate on vacant property from between $1.65

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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.

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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.

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Risk Management Management Lending Capital 221

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. and other countries is the way consumers and regulators th ink about it.

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Regulation Examples United States National 285

PYMNTS

JANUARY 24, 2020

The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported.

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cryptocurrency Massachusetts Policies Taxes 130

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.

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Groups Regulation Industry America 74

PYMNTS

SEPTEMBER 27, 2019

More complicated because the disconnect between state and federal regulation of the substance is growing wider by the year. Moreover, that tension has created an unusual situation for the legal — or at least legal-ish — cannabis industry. Even say in a dispensary that is legally operating under state law. The Proponent’s Pitch .

Taxes 151

Taxes Compliance District of Columbia Industry 151

Abrigo

MARCH 22, 2023

See Part I: Implications for Community Financial Institutions. Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment.

Training 195

Training Fraud New Jersey Regulation 195

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

Abrigo

FEBRUARY 24, 2020

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. The banking industry knows it has a growing problem on its hands when it comes to CRBs and MRBs. Illinois State Banking Regulators. Key Takeaways. The number of institutions banking cannabis grew significantly in 2019.

Illinois 195

Illinois Regulation United States California 195

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. without resorting to cash. The Benefits of Moving Beyond Cash.

Company 170

Company Taxes Compliance Industry 170

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.

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Resources Texas Analysis System 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. Amazon was told to pay 35 million euros (approximately $42.5 Ireland Unveils Supplements to New Proposed Digital Safety Law.

Google 132

Google social media Compliance Regulation 132

PYMNTS

AUGUST 7, 2017

Calling the legislation — which put capital and other requirements in place in the aftermath of the 2008 financial crisis — “a great start,” Paul Merski, executive vice president of Congressional relations and strategy at Independent Community Bankers of America, said smaller banks will be able to increase lending activity. But it’s risky.”.

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Regulation Taxes United States Lending 100

PYMNTS

OCTOBER 17, 2018

Legal use does not necessarily mean legitimate business, however, and this emerging and often-controversial industry may quickly encounter financial roadblocks, which credit unions (CUs) are uniquely suited to address. I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said.

Colorado 126

Colorado Massachusetts US Industry 126

Jeff For Banks

FEBRUARY 4, 2023

At Bank Director's Acquire or Be Acquired conference , I had a sidebar conversation with a longtime friend and banking industry investment banker about ChatGPT, which stands for Chat Generative Pre-Trained Transformer. The labor market has also improved, with unemployment declining and job growth picking up.

United States 78

United States US Cyber Security Taxes 78

Abrigo

OCTOBER 20, 2016

The wave of technological innovation that has swept the business world in the past several years has fundamentally altered how many industries do business. Perhaps no industry has been so disrupted by this wave of technological innovation as the banking industry. Manual data entry is, simply, a pain.

Software 150

Software Lending Community Bank Taxes 150

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

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Compliance Regulation blockchain Taxes 186

PYMNTS

JANUARY 12, 2017

“Countries are coming out with more stringent regulations around use of personal data and where it can be located and for what purposes,” explained Kira Rubiano, partner at global payroll service firm Celergo LLC, in an interview with Bloomberg BNA for the report. a new payroll tax, the Apprenticeship Levy, will come into effect in April.

Data 100

Data Taxes Compliance Regulation 100

Independent Banker

APRIL 30, 2018

I am proud of what ICBA has accomplished over its 88-year history and optimistic about what the future holds for community banks. I’m honored to be part of that future and look forward to leading ICBA as we write the next chapter of the community bank story. Now, the future is ours for the taking. We own what will happen next.

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Community Bank Community Leadership Industry 70

Finer Points

NOVEMBER 23, 2015

While many Americans are gearing up for the holiday season, ICBA and community bankers are gearing up for a bustling couple of weeks in Washington.

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Washington Taxes Community Industry 100

PYMNTS

DECEMBER 19, 2019

“We welcome this judgment and want to move forward and continue working with cities on clear rules that put local families and communities at the heart of sustainable 21st-century travel,” Airbnb said. “We The suit was brought by AHTOP , a tourist association in France. “In

Taxes 130

Taxes Regional Online Industry 130

Independent Banker

DECEMBER 28, 2015

Happy New Year, fellow community bankers! This upcoming year has a lot of good in store for our industry, because ICBA continues to pursue even more successes for community banks nationwide. Postal Service bank or establishing a single federal banking regulator. See how you can advocate for the betterment of our industry.

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Community Bank Washington Community Ohio 70

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. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

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US Cyber Security Security National 227

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

Independent Banker

OCTOBER 24, 2016

Specifically, on behalf of community banks nationwide, the association has asked a federal court to invalidate the NCUA’s member business lending rules set to take effect in January. In the process, however, the regulation also tramples upon consumers, taxpayers, the financial system and the integrity of responsible government.

Community Bank 70

Community Bank Community Lending Regulation 70

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.

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Lending New York Online New Jersey 136

PYMNTS

SEPTEMBER 26, 2018

Representative Warren Davidson (R-Ohio) is hosting a “Legislating Certainty for Cryptocurrencies” roundtable, with financial firms, venture capitalists (VCs) and cryptocurrency companies all gathering to say their piece on the shaping of crypto regulation. ”

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Management cryptocurrency blockchain Regulation 164

PYMNTS

DECEMBER 11, 2019

But proponents of rolling back regulations like Transportation Secretary Elaine Chao noted that the higher standards make vehicles more expensive and thus were keeping older, less clean and less safe cars on the road longer because consumers and businesses can’t afford to replace them. Read more in “Accelerating Opportunity.”

California 131

California District of Columbia Lending Taxes 131

Independent Banker

NOVEMBER 21, 2016

ICBA and community bankers are well-positioned to take advantage of this new mandate. Republican control of the executive and legislative branches presents a unique opportunity to advance meaningful regulatory relief that will help our industry continue fostering economic and job growth at the local level. Follow Camden R.

Community Bank 70

Community Bank Community Washington Policies 70

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

PYMNTS

FEBRUARY 13, 2019

13), banking and credit union executives, along with representatives from law enforcement and the cannabis industry, went before lawmakers to argue in favor of change. But banks, credit unions and card networks — understandably —shy away from that industry despite its revenue potential due to concerns about federal regulatory punishment.

Oregon 115

Oregon Colorado Operations Washington 115

Independent Banker

FEBRUARY 24, 2016

Even as nearly one-third of Americans are already members of a credit union, it seems there’s almost nothing the NCUA still won’t try to further expand the market reach and special tax-exempt privileges of the credit unions it supervises. Talk about your captive regulator! When credit unions say “jump,” the NCUA says, “how high?”.

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South Dakota North Dakota Montana Wyoming 70

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. Many banks will park this liquidity in cash or short-term securities in an attempt to get ahead of higher required capital ratios that are likely forthcoming from regulators.

social media 195

social media FDIC Branding Management 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.”.

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Capital Iowa Management Community 130