PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

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Bitcoin Regulation cryptocurrency Taxes 123

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.

Payments 130

Payments US Fraud Innovation 130

Abrigo

JANUARY 17, 2023

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. The customer portal for requesting financials and tax returns.

Lending 195

Lending System Customer Experience Case Study 195

PYMNTS

MAY 29, 2018

The latest episode had French President Emmanuel Macron telling executives from major technology companies — including Facebook, Microsoft, Intel and IBM — that innovation needs to be accompanied by tough regulations and societal contributions. “I so they are punishing us,” Thiel said, according to reports.

social media 100

social media US Regulation United States 100

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Give us 12 minutes and 36 seconds of reading time, and we will distill 106.5

Conference 195

Conference Payments Fraud Data 195

TheGuardian

JULY 28, 2022

UK bank earmarked money to cover US trade error and potential loan defaults caused by surging cost of living Barclays has revealed a 40% slump in profits after putting aside £1.5bn to cover a US trading blunder and potential customer loan defaults.

Taxes 92

Taxes US Marketing Security 92

Jeff For Banks

FEBRUARY 4, 2023

Overall, the US economy is on a path of recovery, but the pace and strength of the recovery will depend on the course of the pandemic and the success of vaccination efforts. Me to ChatGPT: What is the outlook for the US economy? Me to ChatGPT: What is the outlook for US banks? But TV talking heads should be worried.

United States 78

United States US Cyber Security Taxes 78

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. Photos by Chris Williams. Covington, Ind.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

blockchain 129

blockchain cryptocurrency Regulation Taxes 129

PYMNTS

APRIL 30, 2019

Danske Bank admitted that 200 billion euros went through its Estonian branch between 2007 and 2015, and the document shows that Russian Central Bank employees warned about money laundering risks and tax evasion schemes. Sven Giegold, an EU lawmaker, said that legal actions against Denmark and Estonia should be initiated.

Virgin Islands 129

Virgin Islands Taxes National Regulation 129

South State Correspondent

MARCH 15, 2023

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. That notion proved false, and the quality of that metric has forever changed.

social media 195

social media FDIC Branding Management 195

PYMNTS

JANUARY 19, 2017

The FCA regulatory approval will enable us to meet the growing demands of our global partners and clients who require accessibility to efficient fund flows and secure cross-border payments between the U.K. and China.”. “The and China.”.

Payments 100

Payments Meeting Taxes Security 100

Abrigo

DECEMBER 20, 2021

Takeaway 3 There is not a statute of limitations on BSA violations, AML deficiencies are never behind us. Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. .

Resources 195

Resources Texas Analysis System 195

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 80

Capital Lending US Data 80

TrustBank

DECEMBER 8, 2022

According to the Bureau of Economic Analysis (BEA) US personal saving declined to an anemic 2.3% The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The US personal saving rate is the percentage of disposable personal income (DPI) that people are able to save. in October.

US 52

US Policies Taxes Washington 52

TrustBank

OCTOBER 1, 2020

If elected, Biden intends to expand the Affordable Care Act by including more generous subsidies, eliminating the income cap for eligibility for premium tax credits, and capping premiums at 8.5% He has called for US privacy standards to be similar to the standards set by the General Data Protection Regulation, adopted by the European Union.

Policies 83

Policies Taxes Washington Regulation 83

PYMNTS

MARCH 12, 2019

and Canada, where open banking regulations are not in place, how do financial service providers act on the demand to move data and connect platforms? “For us it was, do we build this ourselves, or do we acquire?” But in jurisdictions like the U.S. ”

Data 184

Data Fintech Strategy Regulation 184

PYMNTS

OCTOBER 18, 2019

dollar-backed digital currencies for the payment of government taxes, fees and services. Securities and Exchange Commission’s (SEC’s) request for a preliminary injunction, and requesting an order to maintain the offer, sale or distribution of Grams — its native crypto. In other news, Bermuda will now accept one-to-one U.S.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

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. Clarifying the Rules .

New Jersey 168

New Jersey New York California Payments 168

CFPB Monitor

MAY 4, 2021

Nationwide claimed taking out a reverse mortgage loan “[e]liminates monthly mortgage payments” while allowing the borrower to “[s]tay in your home,” with “[l]oan proceeds [that] are tax-free.”. The CFPB noted that a consumer could lose their home to foreclosure for the nonpayment of taxes and insurance. Call us right away.

Taxes 78

Taxes District of Columbia Regulation Payments 78

BankUnderground

OCTOBER 26, 2021

Moreover, the national currency belongs to the people, and the state’s role is to regulate it to benefit the people. This is done by ensuring money is produced according to the strictest standards and avoiding manipulating it to the king’s benefit ( inflation tax ). Lesson from the Medieval French monetary experience.

Policies 111

Policies Taxes Maine National 111

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

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FDIC Community Bank Regulation Lending 78

PYMNTS

JANUARY 9, 2019

8), Financial Times reported that the country’s Authority of Broadcasting and Electronic Information said Facebook violated Vietnamese law in how it managed online content, advertising and taxes. Citing a briefing in Hanoi, Vietnam on Tuesday (Jan. In response, Facebook said it removed content in compliance with the laws in Vietnam.

social media 108

social media Taxes Compliance Google 108

Jeff For Banks

JULY 6, 2013

I recently read a report by the US Senate Committee on Health, Education, Labor and Pensions titled The Retirement Crisis and a Plan to Solve It , led by Senator Tom Harkin (D: Iowa). Although it calls for USA Retirement Funds to be private, it used the typical keywords of "transparency, accountability, etc." that reads.

Community Bank 106

Community Bank Community National Iowa 106

MyBankTracker

JULY 31, 2020

The typical financial advice is to be “100% invested” — meaning every available dollar you have is invested in a security, fund, or other investment. Cash-equivalent accounts are generally interest-bearing securities that mature in 90 days or less. Money market funds and accounts. Treasury bills. Short-term bonds.

Taxes 52

Taxes Security Marketing FDIC 52

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Security is also important. The opportunity is very real.

Payments 113

Payments eBook Regional Study 113

PYMNTS

AUGUST 3, 2016

Jameson told Webster, “There is a bunch of different currencies coming back to us, but we don’t want all this currency and then have to convert the following week in order to pay overheads.”. company, it faced new compliance regulations, specifically OPEC sanctions. Compliance. When the company was acquired by a U.K.

Compliance 100

Compliance System Online Regulation 100

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

CB Insights

DECEMBER 15, 2020

These companies differentiate themselves from traditional human advisors with lower fees, 24-hour automated support, portfolio rebalancing, and tax optimization, which can translate to higher returns for investors in the long run. Consolidation will continue, even between fintech startups. In turn, this is driving revenue for big banks. .

Management 87

Management Fintech Industry Trends 87

Lex Sokolin

JANUARY 14, 2021

Instead, they have either (1) been directly owned by retail investors through crypto exchanges or decentralized apps, or (2) been packaged and secured for safe handling by newly buy-side funds for the largest endowments and family offices in the world. Don’t get us wrong. But it is clear to us that “the masses” are not being “advised”.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

Instead, they have either (1) been directly owned by retail investors through crypto exchanges or decentralized apps, or (2) been packaged and secured for safe handling by newly buy-side funds for the largest endowments and family offices in the world. Don’t get us wrong. But it is clear to us that “the masses” are not being “advised”.

America 52

America Wyoming National Capital 52

Jeff For Banks

NOVEMBER 1, 2017

They have seemed fairly nervous about their large balance sheet, so in September, 2017, they announced that they would allow bonds to mature or pay off in October- by $4 billion in Agency mortgage backed securities and $6 billion in Treasuries, for a total of $10 billion. Tax cut and tax reform proposals have been floated.

Marketing 60

Marketing Taxes DC Community Bank 60

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But it is endemic to all human systems, it is a part of us. Here is our factbase.

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. But it is endemic to all human systems, it is a part of us. Here is our factbase.

Data 40

Data Security System US 40

FICO

DECEMBER 21, 2016

To help in those efforts, regulators are requiring firms to improve their KYC programs with more detailed data and advanced analytics. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. Kibble, Homeland Security Investigations regional attaché to the Netherlands for the U.S.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

OCTOBER 14, 2019

So went the narrative, which formed the central thesis of a study about the regulated taxi industry in the City of San Francisco, which was presented to then-mayor of San Francisco and now Governor of California Gavin Newsom. They want tools to help track their expenses and manage tax payments for the work they perform.

San Francisco 178

San Francisco New York Study Industry 178

Jeff For Banks

APRIL 12, 2018

Mortgage lending is getting away from us. Which we already do via buying mortgage back securities and using loan brokers in metro areas. Real estate secured. Get used to it (other than home equity). Regulation has driven up costs and made us gun shy. Regulation has driven up costs and made us gun shy.

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Lending Resources Community Metro 60