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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative.

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The ICBA 22/23 executive committee is all in

Independent Banker

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

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Today In Payments: Amex Grows BNPL Options; Facebook Unveils Commerce Accelerator Plans

PYMNTS

3) for a Commerce Accelerator that will work with 60 startups selected from a collection of applicants from Latin America, Europe, the Middle East and Africa. Seventy-eight percent of consumers have changed how they pay for things so as to reduce contact in their commerce, according to the eight-nation study. Six more U.S.

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The Confusing State Of Small Business In America

PYMNTS

Bank of America, Capital One, Wells Fargo, Chase and more published their findings — sometimes to contradicting conclusions. The majority reported feeling optimistic about their local economies, but less than half (43 percent) said the same about the national market.

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Hiring Pains, Revenue Optimism Hit Small Business Week

PYMNTS

Sixty-nine percent of small business owners anticipate a recession , new Bank of America research revealed. Of them, just 19 percent have opened a line of credit, a figure that causes concern for Bank of America Head of Small Business Sharon Miller, who said the data point is “too low,” Reuters reported last week.

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How the OCC is building Crypto America

Lex Sokolin

Like taxes. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. On July 22, 2020, the OCC publishes Interpretive Letter #1170, on the Authority of a National Bank to Provide Cryptocurrency Custody Services for Customers.

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