PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

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cryptocurrency New York New York City Study 163

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

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Bitcoin Regulation New York Video 108

PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding.

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Bitcoin blockchain Taxes Austin 132

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

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Regulation New York Taxes Management 78

PYMNTS

JANUARY 16, 2020

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier. New Data: 75 Pct.

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Apple New York City New York Google 130

PYMNTS

JULY 21, 2020

Groups are an issue, until regulations change and we can put more than 25 to 50 people in one meeting at a time.”. Tisch recommended Congress extend the Paycheck Protection Program (PPP) at least until the end of the year, adjust the tax code, reinstate the business meals deduction and adopt a tax credit for travel. and Canada.

Taxes 189

Taxes Survey New York Security 189

PYMNTS

DECEMBER 15, 2020

The fees are outrageous,” said Nick Sanford, owner of Toss ‘n Fire Pizza locations in Syracuse, New York. “We Apply the local sales tax and the new total is $48.07. Customers using DoorDash also have the option to leave a tip for the courier – say, $9, for a new total of $65.36. will go to taxes, $8.29

California 227

California New York Taxes Illinois 227

PYMNTS

MARCH 17, 2020

Craftmakers, according to the regulation, must sell as well as manufacture, with the retail side of the business-boosting commerce in mixed-use districts. The new regulations encourage interaction with the public by also mandating that the artisan businesses offer attractions such as tours and classes. and San Francisco.

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Retail Arlington San Francisco Milwaukee 135

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. Its members include The New York Times and National Geographic , among others. Facebook Supports Data-Portability Law.

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social media Data Apple Compliance 152

PYMNTS

MAY 12, 2016

office were facilitating tax evasion and money laundering. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time.

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Taxes Fraud Regulation New York 100

PYMNTS

AUGUST 13, 2019

Included in the exposed data are bank account numbers, statements, tax and mortgage records, receipts for wire transfers, personal social security numbers and pictures of drivers’ licenses. KrebsOnSecurity reported the breach in May. The security company reported that all the information was accessible without any need for authentication.

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Data Seattle Security Regulation 116

PYMNTS

JULY 17, 2019

David Marcus, head of Facebook’s new Calibra crypto wallet subsidiary, addressed concerns related to regulation and the cryptocurrency’s potential impact on the U.S. This is not Silicon Valley,” New York Rep. Velasquez, along with New York Rep. dollar during the committee hearing on Wednesday (July 17).

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Kentucky New York Regulation cryptocurrency 100

PYMNTS

AUGUST 21, 2019

The move illustrates Amazon’s aggressive push to expand in the country, despite stiff competition from companies like Walmart, and stringent regulations in the country regarding foreign eCommerce sites. The company’s next headquarters is being built in Arlington, Virginia.

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Arlington Virginia New York Video 170

PYMNTS

AUGUST 13, 2019

Included in the exposed data are bank account numbers, statements, tax and mortgage records, receipts for wire transfers, personal social security numbers and pictures of drivers’ licenses. KrebsOnSecurity reported the breach in May. The security company reported that all the information was accessible without any need for authentication.

Data 109

Data Seattle Security Regulation 109

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. He added the company will notify all affected customers, as well as report the incident to state regulators. “On

Taxes 155

Taxes New York Security Data 155

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. Attorney’s Office for the Southern District of New York.

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Resources Regulation Compliance Policies 195

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. At the state level, New York Governor Andrew Cuomo signed legislation in August to curb the use of confessions of judgment.

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Lending New York Online New Jersey 136

Abrigo

MARCH 22, 2023

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

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Community Bank Community Industry Texas 239

PYMNTS

MAY 19, 2020

The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. And, even though revenue for its casinos dropped 61.7 million in March of last year.

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Online Louisiana South Dakota Mississippi 130

Bank Innovation

MAY 11, 2017

company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation. In a way, PSD2 is a new, particularly European, kind of trade tariff. It’s both.

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Regulation Regional Apple America 252

PYMNTS

MARCH 19, 2018

Plattsburgh, the small upstate New York town, has placed a temporary halt on cryptocurrency mining in an effort to preserve natural resources, the health of the residents of the town and the so-called “character and direction” of the small city.

Bitcoin 136

Bitcoin cryptocurrency Resources New York 136

PYMNTS

DECEMBER 20, 2017

19) reports by The New York Post , the U.S. The digital currencies market has ballooned from $17 billion at the beginning of the year to a more than $600 billion valuation now, and regulators are issuing new concerns about a potential bubble. According to Tuesday (Dec. South Korea Says Virtual Currencies Are Not Real. “All

Bitcoin 101

Bitcoin Company cryptocurrency Regulation 101

Abrigo

DECEMBER 18, 2023

“Larger cities seem to be stuck in this new world, while smaller cities seem to be recovering,” Kirby said. The point is this: There’s a lot of these surveys, and when you read them, they are New York City, San Francisco, Chicago. They’re not your hometown. The impact is not consistent.”

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Risk Management Management Lending Capital 221

PYMNTS

NOVEMBER 19, 2020

A companywide survey confirmed that a vast majority of their workers' whole paychecks were consumed by taxes and living expenses, leaving only 4 percent behind on average. This has caught the eye of regulators in California, New York and New Jersey, all states that have EWA legislation pending at present.

New Jersey 168

New Jersey New York California Payments 168

CFPB Monitor

JANUARY 24, 2020

On December 18, 2019, the New York Department of Financial Services (DFS) issued its Final Regulations detailing the business conduct rules for mortgage loan servicers. These regulations will require implementation of additional New York-specific communications and servicing procedures. Effective Date.

New York 78

New York Regulation Payments Compliance 78

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019.

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Payments US Fraud Innovation 130

PYMNTS

JULY 12, 2018

He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world. Yet Zug does reportedly have one of the lowest tax rates in Switzerland.

blockchain 104

blockchain Taxes Regional New York 104

Jeff For Banks

MAY 20, 2017

And regulators are getting anxious. and New York Community Bancorp called off their planned merger. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. It shows the pre-tax profit as a percent of the loan portfolios measured.

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Lending Regulation Community Community Bank 60

PYMNTS

JULY 31, 2017

Regulators are reportedly inquiring about how a lawyer for wealthy customers of Wells Fargo came to access so large a trove of customer information. Regulators have reportedly informally reached out to the attorneys involved in the lawsuit underlying the release of information to figure out how the data breach happened.

Taxes 100

Taxes Data Security Report 100

Independent Banker

JULY 30, 2015

In New York, IBANYS plays creative offense and strong defense on several issues. The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. By John Witkowski. 3616 and A.

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Community Bank New York Community Taxes 70

PYMNTS

SEPTEMBER 26, 2018

Representative Warren Davidson (R-Ohio) is hosting a “Legislating Certainty for Cryptocurrencies” roundtable, with financial firms, venture capitalists (VCs) and cryptocurrency companies all gathering to say their piece on the shaping of crypto regulation. ”

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Management cryptocurrency blockchain Regulation 164

PYMNTS

MAY 4, 2016

“[The government is] interested in protecting the content that the Chinese people see, policing its national security and favoring indigenous giants, such as Huawei, Alibaba and Tencent,” Daniel Rosen, founding partner of China-specialized economic advisory firm Rhodium Group, told The New York Times. percent tax.

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Taxes Retail Branding Apple 100

PYMNTS

NOVEMBER 20, 2017

CNBC said it was hard to determine how many people lost their licenses, but public records reviewed by The New York Times named at least 8,700 cases in which occurred. The report noted that the actions have impacted firefighters, nurses, teachers, lawyers, massage therapists, barbers, psychologists and real estate brokers.

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South Dakota Tennessee New York Taxes 129

PYMNTS

OCTOBER 18, 2019

In other news, Bermuda will now accept one-to-one U.S. dollar-backed digital currencies for the payment of government taxes, fees and services. We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

CFPB Monitor

JULY 21, 2022

Clearly: if eventually passed, this amendment will change the landscape of professional service providers, including tax return preparers with foreign clients, and payment processors. As we will discuss, it applies the BSA to persons providing corporate formation, trust, third-party payment, or similar legal or accounting services.

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United States Taxes Regulation Compliance 78

PYMNTS

AUGUST 1, 2018

In another signal of how this new world of sports betting might develop, the NBA wants to charge royalties on each bet that gamblers place on its games, along with having veto power over “certain kinds of betting,” according to The New York Times. That could lead to additional taxes, possibly at or above 15 percent.”.

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United States Online New York Louisiana 101