article thumbnail

How community banks can help young homebuyers

Independent Banker

The community bank also hopes to participate in a new tax-exempt savings program for first-time homebuyers that was approved by the state of Michigan in April. The new law allows individuals to set aside money for a home purchase down payment, and money saved via the program is free from state income tax.

article thumbnail

Listen Up: Best PYMNTS Podcasts Of 2018

PYMNTS

No, think of them as miniature seminars. Enjoy these little seminars about the world of payments and commerce, and review at your leisure. A good education on this online retail trend — an education backed by original data — comes from Azita Habibi, business development lead at Braintree , a payments services firm owned by PayPal.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

It’s 3 A.M. — Do You Know Where Your Fraudsters Are?

PYMNTS

Thanks to the success these fraudsters have had, there are now millions of compromised records made available online. Just like any other growing industry, the world of cybercrime also has an array of newsletters and online publications to keep fraudsters in the know. Take tax returns, Bush said. ”

Fraud 100
article thumbnail

Reverse Trend

Independent Banker

However, because some borrowers spent all of their funds without being able to pay property taxes and homeowners insurance, the FHA now typically prevents reverse mortgage borrowers from receiving no more than 60 percent of the maximum amount of their loan within 12 months after their loan closes. About the market.

Trends 70
article thumbnail

Killing Strategy: The Disruption Of Management Consulting

CB Insights

When BeverageCo sought to take advantage of digital, they had many isolated initiatives (such as online advertising and a corporate Facebook page) underway, but lacked traction in any of them. High tax rates on corporate gains meant that the best way to spend profits was to make acquisitions.