PYMNTS

FEBRUARY 22, 2018

Credit unions took a stand against state bank associations this week over the credit union exemption from federal taxes. “We The response came after 52 state bankers’ associations sent their own letter to Hatch, encouraging him to continue his tough stance on the credit union federal tax exempt status.

Taxes 101

Taxes National Industry Regulation 101

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

PYMNTS

FEBRUARY 7, 2019

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.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JANUARY 25, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . Sources told the outlet that some Big Tech chief executives were mulling sending legal experts on tax and competition.

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. In other news, the Ministry of Finance in Russia keeps advocating for digital currency industry rules through the introduction of new tax mandates, Cointelegraph reported. representative Thursday (Sept.

National 121

National Report Taxes Bitcoin 121

PYMNTS

DECEMBER 16, 2020

16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry. With data sharing, to boot. To that end, as reported on Wednesday (Dec.

National 160

National New York City Policies New Jersey 160

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

Taxes 100

Taxes Bitcoin blockchain Seattle 100

PYMNTS

MAY 17, 2018

The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. The same timeframe last year saw SMB lending grow 5.8

National 108

National Fraud Lending Taxes 108

South State Correspondent

APRIL 4, 2024

We believe that one of the most significant and disruptive secular changes in the banking industry in the next ten to 20 years will be the growing size of federal debt as a percentage of GDP. Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges.

Risk Management 195

Risk Management Community Bank Policies Community 195

TheGuardian

OCTOBER 8, 2023

US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it Imagine that you run a perfectly legal business but are unable to open a simple checking account at a national bank. Given the size of the cannabis industry, it’s pretty shocking. But it may be about to change.

District of Columbia 100

District of Columbia US System Taxes 100

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. ERC Assist is SouthState’s unique service customized for the banking industry.

Taxes 195

Taxes Meeting Operations ATM 195

PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

FEBRUARY 23, 2016

For all the johnny-come-latelies who spend the hours before midnight on April 17 scrambling to submit their tax forms, there are millions more Americans who are sitting pretty with their tax refunds already in hand. It’s a peculiar part of tax season. While a National Retail Federation survey found that 65.5

Taxes 100

Taxes Retail Millennials Survey 100

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. The key is to demonstrate how additional regulatory burdens on the community banking industry will negatively affect the customers and communities we serve.

Community Bank 239

Community Bank Community Industry Texas 239

FICO

JUNE 1, 2023

The National Association of Realtors reported that sales of previously owned homes declined 2.4% Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards.

Trends 52

Trends Industry US Cards 52

Perficient

JUNE 30, 2022

Some of these online articles can be found here: OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities – Perficient Blogs. Discussions included topics ranging from the pace of development in the industry to regulation, as well as how digital assets fit into a modern portfolio.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

CFPB Monitor

MARCH 17, 2020

FHFA describes PACE transactions as being part of residential energy retrofitting programs that are created through special state legislation and result in the financed part of the transaction resulting in a tax assessment on the home, which is a ‘‘super-priority lien’’ over existing and subsequent first mortgages. (As

Industry 78

Industry Missouri Groups Florida 78

Bobsguide

MAY 10, 2022

Australia’s health and economic response to COVID-19 has put its recovery among the world’s leading nations, according to new analysis of global data. It compiles key economic, financial, social and demographic data from respected national and international sources. Why Australia Benchmark Report 2022 released. Resilient economy.

Report 148

Report National Fintech Industry 148

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

APRIL 28, 2019

Ohio is hoping its Columbus-based “smart city” efforts will be attractive to the blockchain industry. Ohio is also the fifth-largest hub for the financial services industry. It is the first state to let businesses pay their taxes with cryptocurrency. company to pay taxes with bitcoin. “We

Ohio 149

Ohio blockchain Columbus Taxes 149

PYMNTS

DECEMBER 7, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. government, the digital industry contributed almost 150 billion pounds (roughly $201 billion) to the country’s economy in 2018. Canada Looks to Tax International Tech Firms. According to the U.K.

Apple 143

Apple Regulation Taxes Marketing 143

PYMNTS

AUGUST 24, 2020

The services are not currently registered as distinct entities, although they are provided to users in the nation. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

social media 152

social media Data Apple Compliance 152

PYMNTS

JULY 8, 2020

For the restaurant industry, the government is slashing taxes and funding vouchers to make dining out more affordable on Mondays, Tuesdays and Wednesdays in August. To jumpstart housing, the government is reducing and eliminating taxes on transactions. In the U.S.,

Taxes 141

Taxes National Policies Operations 141

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

Independent Banker

APRIL 30, 2022

3-yr average pre-tax ROA. Brazos National Bank. Douglas National Bank. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. —Molly Bennett, executive editor, Independent Banker. Less than $300 million. By William Atkinson. Less than $300 million. Philadelphia.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

SEPTEMBER 18, 2020

Earlier this week the Chinese National Bureau of Statistics announced that August retail sales rose for the first time this year by 0.5 percent from 2019, while industrial production expanded 5.6 percent and industrial production advanced 0.4 percent and industrial production advanced 0.4 percent against a forecast of 5.1

US 154

US Retail National Industry 154

PYMNTS

JULY 21, 2020

Loews Hotels CEO Jonathan Tisch does not expect a return to significant national, international or business travel anytime soon, according to an interview he gave on CNBC ’s “Closing Bell.”. That’s going to be a really tough position for our industry.”. It’s a challenge,” he said. “We

Taxes 189

Taxes Survey New York Security 189

Bankelele

MAY 20, 2018

The Kenya government, through the National Treasury, is proposing some long overdue changes to the country’s income tax laws, which are contained in a draft bill that will be submitted to Parliament. The post Kenya Income Tax Cuts, Increases, and Other changes 2018 appeared first on Bankelele.

Taxes 31

Taxes National Industry 31

Finer Points

AUGUST 18, 2015

The tax-exempt credit union industry apparently skipped this civics lesson because it obviously doesn’t believe it should have to listen to Congress. The National Credit Union Administration has proposed dramatically revising business-lending rules for these tax-subsidized institutions. Current […].

United States 100

United States Taxes Lending National 100

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. The banking industry, however, is against the idea. “We Regulation. EU Aims To Have Big Tech Share Data With Smaller Competitors. Last week, a U.S.

Data 229

Data Google Compliance Apple 229

PYMNTS

JUNE 16, 2020

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

US 227

US Cyber Security Security National 227

BankBazaar

JULY 4, 2019

The salaried-class, especially, hopes against hope that they will get some relief from with respect to Income Tax. The general ask is to either have a higher tax-exemption limit or more tax breaks. Psst… did you know that a Home Loan can help you save on Income Tax? Higher income tax exemption limit. 50,000 in NPS.

Taxes 90

Taxes National Capital Security 90

Abrigo

JUNE 27, 2023

Financial criminals have used the industry to clean their illicit funds for years. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue. Few changes have been made in the regulatory environment in almost 20 years. 

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. That’s due in part to a sales tax boost that now has been hurting consumer spending.

Taxes 178

Taxes Google Apple United States 178

PYMNTS

JANUARY 5, 2020

Though proposed by SBI, it has to be a collective decision by the industry,” one source told the news outlet. Cash-flow-based lending relies on the inflows (sales and capital) and outflows (payroll and taxes). . Madhav Kalyan, CEO of JPMorgan India, has been tapped to lead a panel to evaluate the proposal, two sources told ET.

Lending 130

Lending Capital National Taxes 130