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South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. North Dakota. North Dakota.ā€. The lawsuit has, unsurprisingly, drawn some responses.

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The ICBA 22/23 executive committee is all in

Independent Banker

ā€œIā€™m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,ā€ says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

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From Farce to Menace

Independent Banker

Itā€™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.

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What Goes Up ā€¦

Independent Banker

He says building owners must pay utility bills and property taxes even if a prime tenant has vacated, giving underlying stability to the oil industry and their supporting loans. But North Dakota is a newcomer to the oil-producing world. By autumn North Dakota could see up to active 100 rigs shut down, he adds.