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2023 Fraud trends: What banks and credit unions can expect

Abrigo

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. No fraud decrease likely for 2023. Current economic indicators do not bode well for fraud stabilization in 2023.

Fraud 195
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Will eSports And Other Online Businesses Spike Digital Taxes?

PYMNTS

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132
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TSB and Co-op Bank among lenders set to benefit from £4bn City tax cut

TheGuardian

Treasury confirms that 35 bank groups and building societies will avoid sector-specific surcharges entirely TSB, Co-operative Bank and Leeds Building Society are among the lenders expected to escape a levy imposed on the sector, following the chancellor’s announcement of a £4bn City tax cut in his budget speech on Wednesday.

Taxes 73
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The Rise Of Faster Disbursements

PYMNTS

In addition, the problem of fraudulent tax returns could keep growing as digital processes come to the tax-filing-and-return space. 67 percent: The share of Australian citizens expected to use real-time payments by 2023. 10 : The number of countries in the region in which Grab operates.

Taxes 122
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Closing the gate: House adopts ENABLERS Act amendment to 2023 NDAA

CFPB Monitor

On July 13, 2022, the House of Representatives (the “House”) adopted an amendment to the 2023 National Defense Authorization Act (“NDAA”) offered by Maxine Waters (D. Requirements. Here, the amendment does provide the Secretary and FinCEN with its typical discretion.

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Cybersecurity Spring Cleaning Checklist 2023

Ublocal

With tax season in full flow, stay safe and spring clean your physical and digital data, strengthen your passwords and keep cybercriminals at bay. Operating systems are frequently updated with bug fixes and patches that help keep your device secure and personal data safe.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. At the same time, 59% pursued credit to meet operating expenses.

Lending 244