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Crack The Code to Financial Freedom: NPS and PPF Demystified!

BankBazaar

While NPS is an investment that is linked to the market and is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% return rate. PPF or NPS?

Taxes 78
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UK Asks For Input On VAT Challenges Created By The Sharing Economy

PYMNTS

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). The ministry said that policymakers have to consider the basis for new regulations that mirror the evolving nature of economic activity in the digital era.

Taxes 160
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Sizzle Fizzle: Apps Sizzle, Startups Fizzle And Regulators Battle Bitcoin

PYMNTS

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. If crypto closes down in one place, users can take their anonymous accounts to more regulatory-friendly markets. Easy come, easy crypt-go, it seems.

Bitcoin 123
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FinCEN AML/CTF Priorities Part 8: Drug Trafficking Organizations

Abrigo

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . Going Forward.

Training 195
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Deep Dive: Wayfair’s Complex, Ongoing And Unexpected Effects On Retailers

PYMNTS

Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .

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Turo Sets Its Sights Overseas With Expansion Into The U.K.

PYMNTS

is the company’s most searched destination when it comes to traveling outside of North America, thus the expansion into the market. could face regulation similar to that of traditional car rental companies. According to reports citing Turo Chief Executive Andre Haddad, the U.K. The average trip on the site earns an owner $170.

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New York Issues Final Mortgage Servicing Regulations

CFPB Monitor

On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. These regulations will require implementation of additional New York-specific communications and servicing procedures. Effective Date. Escrow Accounts (§ 419.2).