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It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021

PYMNTS

Today (July 15) is Tax Day , and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to get their returns (or at least their applications for extensions) out the door by midnight. Those returns don’t present much of a challenge during the pandemic.

Taxes 146
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Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

At its investor day presentation Tuesday (Feb. McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. He said that there are 20 million acceptance locations across the region, with 970 million cards issued – and with $1.9 The Consumer.

Payments 163
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How To Sell Prepayment Provisions In Commercial Loans

South State Correspondent

To better learn how to position against it, we asked one of the top-performing lenders from a national bank how they sell against the declining balance prepayment provision. This not only increases the present value of the loan but retains the borrower for a longer period of time thereby increasing their customer lifetime value.

How To 195
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. October 26 is now nationally recognized as BSA/AML Day.) Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake.

Training 195
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The link between mortgage debt servicing burdens and arrears: is there a critical threshold?

BankUnderground

It is calculated by taking a household’s mortgage payments (including interest and principal) and dividing them by their pre-tax income. We find no evidence of a critical threshold The analysis presented in this blog is based on data from two UK household surveys: the Bank of England/NMG survey and the ONS Wealth and Assets Survey (WAS).

Survey 55
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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. Funding Capacity as a % of Uninsured Deposits: Calculating a bank’s total liquidity lines as a percentage of uninsured deposits is now in vogue.

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Guest Post: Financial Markets & Economics Update by banker Dorothy Jaworski

Jeff For Banks

The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. But the ever present threat of COVID-19 lingers, with cases rising around the world. Moody’s estimates that there is $70 billion in back rent across the nation. The national unemployment rate peaked at 14.7%