CFPB Monitor

APRIL 25, 2022

As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter.

Compliance 78

Compliance Digital Banking Training South Dakota 78

PYMNTS

DECEMBER 13, 2018

In Rapid City, South Dakota, for example, MED5 Federal Credit Union (MED5 FCU) launched an upgraded website after collaborating with the FinTech OMNICOMMANDER , which works to provide CUs with a variety of online tools, including web design, social media and marketing services. AML Compliance Turns CUs Into Law Enforcement.

Regulation 135

Regulation South Dakota ATM New York City 135

PYMNTS

MARCH 15, 2019

While doing so may be more cost-effective than hiring a big-time accounting and consulting firm, there are inevitable points in the accounting process that cannot be managed with automated software alone, meaning small business owners must take on the burden of figuring out complex processes that even CPAs can struggle to manage.

Taxes 193

Taxes South Dakota Software Survey 193

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. A majority — 53 percent — thought that managing sales taxes for their businesses was either “somewhat” or “not at all” clear. . In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. A recent survey of U.S. Clearly, the largest online marketplaces will be fine.

Taxes 102

Taxes Online San Jose South Carolina 102

CFPB Monitor

SEPTEMBER 9, 2020

Ballard Spahr LLP has submitted a comment letter to the OCC in support of its proposed rule , “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”). Three virtually identical Federal Interest Statutes govern interest that may be charged by Banks: Section 85 of the National Bank Act (“NBA”), 12 U.S.C. §

FDIC 78

FDIC National South Dakota Lending 78

PYMNTS

NOVEMBER 26, 2019

Economic nexus and marketplace facilitator tax policies rolled out following the 2018 South Dakota v. Wayfair ruling have made tax compliance challenges highly visible. Struggles to understand and fulfill tax obligations are not new — states have worked for decades to manage these compliance difficulties.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141