2014 Community Regulation Taxes 
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.
Abrigo
NOVEMBER 21, 2019
Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community. In 2014, FATF clarified their standards and published the Guidance on Transparency and Beneficial Ownership. BSA Rules and Regulation. BSA Rules and Regulation. The Need for a FinCEN Database.
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Independent Banker
SEPTEMBER 22, 2015
Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). There is an exception that will be key for many community banks to understand. Biggert-Waters) the bank was not required under federal or state law to escrow taxes or insurance.
Jeff For Banks
JUNE 2, 2023
More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.
PYMNTS
OCTOBER 14, 2016
Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind.
Jeff For Banks
AUGUST 12, 2018
This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. The second quarter of 2018 saw growth of 4.1% (the highest quarterly growth since 2014) and the third quarter may be close. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.
PYMNTS
APRIL 30, 2018
In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.
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