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Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering

PYMNTS

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated.

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement

PYMNTS

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.

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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

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.

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Who Pays A Higher Price For Online Sales Tax?

PYMNTS

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
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Apple Watch Earns Pro QB $5K Scolding From NFL

PYMNTS

Add another job to that list: fine generator for the National Football League (NFL). In 2015, a similar incident occurred with Kansas City Royals Manager Ned Yost.”. The Apple Watch has taken on numerous roles since its 2015 introduction — fitness monitor, mobile workstation, payment provider.

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OCC targets BSA/AML compliance by Anchorage Digital Bank – only 15 months after granting bank charter to the crypto custodian

CFPB Monitor

In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter. As an enforceable condition of approval, the company entered into an operating agreement which sets forth, among other things, capital and liquidity requirements and the OCC’s risk management expectations. Compliance Committee.

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CFPB Feb. 2016 complaint report highlights prepaid card complaints, complaints from Texas/Houston metro area consumers

CFPB Monitor

General findings include the following: As of February 1, 2016, the CFPB handled approximately 811,700 complaints nationally, including approximately 21,800 complaints in January 2016. Nationally, debt collection complaints averaged 26 percent of all complaints received by the CFPB.). percent of total complaints.

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