Remove Community Remove Guidelines Remove Regulation Remove Taxes
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Bitcoin Daily: Lukka Launches TurboTax For Crypto, Crypto Exchange Bottle Pay Shuts Down

PYMNTS

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.

Bitcoin 130
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Helping Nonprofits Embrace Cash Management

PYMNTS

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

US 227
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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Both institutions were over the CRE concentration guidelines, so putting them together would exasperate this risk, so the regulatory thinking must have been. We perform this service for dozens of community banks.

Lending 60
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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Part of our mission is to improve the quality of life in our communities. Here we are, 80 years later,” she said, “finding ourselves in a position where we feel it’s important to serve an underserved or underbanked community.”. I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said.

Colorado 126
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Food for Thought: A Policy on Credit Exceptions

Abrigo

If actual practices vary materially from the written guidelines and procedures, the source of this discrepancy should be identified, and either actual practices or the written policy should be changed. and property tax payments. Management may conclude that specific sections of the written policy are no longer relevant.

Policies 195
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Hot Wheels

Independent Banker

Half a dozen years ago, the community bank held $13 million in auto loans. Tax-exempt credit union competition is the main culprit for the bank’s decline in auto lending, Thompson says. What types of auto loans does your community bank offer? Todd Thompson. We’ll wait until sanity returns” to get back into auto loans, he says.