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EU And Tech Firm Taxes Dominate Regulatory Landscape

PYMNTS

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. As for taxes , tech behemoths under scrutiny across a separate proposal might face taxation on digital activities of as much as 3 percent of turnover.

Taxes 122
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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

Fifty-four percent of small business owners say they are optimistic about the national economy , found Bank of America’s 2018 Business Advantage Small Business Owner Report. More than 90 percent of survey respondents said they feel the government did not adequately prepare the small business community for the new tax code.

Taxes 144
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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Economy and Momentum At the end of June, 2018, the current economic expansion turned nine years old. 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.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. In the U.S.,

Payments 201
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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Actually, the forecast for 2018 to 2020 is also 2%. All of this is happening while the markets widely expect the President to nominate a new Federal Reserve Chair to replace Janet Yellen, whose term as Chair ends in February, 2018. Tax cut and tax reform proposals have been floated. What else is new?

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GonzoBanker Awards 2017

Gonzobanker

One word can summarize this action-packed banking year, GonzoBankers – tiring. Heavy-handed regulators. THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. FinTech threats and distractions.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

I believe that we are in this era of weak growth, now eight years old, for the long haul unless changes are made to regulation and we stop adding debt at break-neck speed. Incidentally, Chair Janet Yellen’s term at the Fed expires in February, 2018. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.