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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

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
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. The government guarantee allowed for a secondary market in these loans.

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Big Tech Compliance Tracker: EU Aims To Have Big Tech Share Data With Smaller Competitors; Banks Oppose Potential Big Tech Banking Charters

PYMNTS

By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. University of Pennsylvania Carey Law School Professor Christopher Yoo had a differing opinion. Banks Oppose Idea Of Possible Big Tech Banking Charters.

Data 229
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Widening Borrower Protection’s Scope To SMBs

PYMNTS

But according to Pat MacKrell, president and CEO of New York-based small business lending firm Pursuit , the online alternative lending market has gotten good at hiding the true cost of financing from SMBs. One might think that once a borrower is presented with a 358 percent rate, they’d run – fast. ” Knowing Their Options.

Lending 136
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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. And that’s just accessing money itself.

Online 100
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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Teamed up with WooCommerce to help online merchants manage sales taxes. Announced sales-tax accuracy guarantee. Enlisted to Marketo for new marketing solutions. Launched new Common Reporting Standard solution for tax residency identification and due diligence. Unveiled new tax utility service. BehavioSec ( FD15 ).

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. We hope we see you on the green boys! Bank Sale of the Year.

Fintech 105