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. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

American Banker

NOVEMBER 5, 2024

Consumer groups and banks are pushing for increased regulation on credit unions, aligning on concerns over tax exemptions, consumer protection standards, and the rising trend of credit union acquisitions of community banks.

Community Bank 34

Community Bank Taxes Community Regulation 34

PYMNTS

MAY 12, 2016

I do think if the next president does the right things around immigration, corporate and individual tax reform, proper infrastructure spending, America will be booming.”. The community banks, he said, should have regulatory burdens reduced, even if larger players do not see the same regulatory relief. And I agree with that.”

Regulation 100

Regulation Community Bank Community America 100

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “Together, these factors mean that companies could invest more funds, hire employees and generally spend on both their businesses and communities.” corporates from spending their rising cash reserves. .

Taxes 100

Taxes Analysis Washington Report 100

PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. The new service comes on the heels of an announcement by the Internal Revenue Service (IRS) that it was changing the guidelines for how taxes were calculated.

Bitcoin 130

Bitcoin Taxes Guidelines cryptocurrency 130

Payments Source

JUNE 19, 2020

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

Community 73

Community Taxes Lending Regulation 73

Chris Skinner

JUNE 2, 2017

The race to become Islamic banking’s fintech hub The super-rich are different: they pay less tax. The post Things worth reading: 2nd June 2017 appeared first on Chris Skinner's blog.

Policies 185

Policies Community Bank Taxes Regulation 185

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

SEPTEMBER 1, 2021

Barr with the Department of Justice (DOJ) released a report in October of 2020 stating, “The addiction crisis has taken an enormous toll on America’s families and communities, eroding public health, threatening public safety and claiming tens of thousands of lives year after year.” . What can community financial institutions do?

Training 195

Training Regulation Community Austin 195

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

Management 141

Management Taxes Groups Regulation 141

American Banker

JUNE 10, 2020

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

Community 71

Community Taxes Lending Regulation 71

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. Community bankers, pack your bags for Washington, D.C. After a year of virtual visits, the ICBA Capital Summit —the most high-profile and powerful community bank advocacy event of the year—is back in person May 1–4.

Community 180

Community Washington Community Bank Capital 180

PYMNTS

MARCH 17, 2020

In addition, dynamic pop-up, cultural, artistic or community-oriented programming aligned with these goals will be encouraged to ensure that the space functions as a vibrant asset and experience for residents and visitors,” according to the statement. has hiked the normal commercial property tax rate on vacant property from between $1.65

Retail 135

Retail Arlington San Francisco Milwaukee 135

Abrigo

AUGUST 26, 2024

I recently discussed appropriate risk and control environments for CECL during an ABA webinar hosted by Mike Gullette, the ABA’s Senior Vice President of Tax and Accounting. Robust risk assessments are crucial for model oversight and governance. For more information on CECL solutions, visit Abrigo’s CECL solutions.

Compliance 195

Compliance Management Regulation Data 195

Independent Banker

SEPTEMBER 30, 2021

Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Photo by: Dero Sanford. By Judith Sears.

Arkansas 168

Arkansas Community Bank Community Operations 168

Jeff For Banks

JULY 6, 2013

government controlled or heavily regulated. The employee can save all of the needed savings tax deferred. controlling) they should do is enforce laws against the charlatans that plague the investment community. Why can''t community financial institutions band together to help customers prepare for retirement? that reads.

Community Bank 102

Community Bank Community National Iowa 102

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. Another change to the freelancer community in the U.S. and other countries is the way consumers and regulators th ink about it.

Regulation 285

Regulation Examples United States National 285

Abrigo

FEBRUARY 2, 2020

Key Takeaways The global AML community has long seen the U.S. The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions.

United States 195

United States Regulation Delaware Policies 195

American Banker

SEPTEMBER 2, 2021

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Community Bank 68

Community Bank Taxes Community Policies 68

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. You might also like this webinar on credit department housekeeping.

Risk Management 221

Risk Management Management Lending Capital 221

Gonzobanker

FEBRUARY 22, 2024

Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. Since fintechs are the primary competition for community banks in this space, the VP of business lending needs to pay special attention to this segment. No two markets are created equal.

Lending 78

Lending Community Bank Community Strategy 78

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.

Lending 60

Lending Regulation Community Community Bank 60

Abrigo

NOVEMBER 21, 2019

Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community. has continued to be under scrutiny by FATF for not having strong beneficial ownership regulations to prevent the use of shell companies for nefarious purposes. BSA Rules and Regulation. Learn More.

United States 195

United States Regulation National Taxes 195

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. Eighty-three percent of SMBs said they don’t completely understand the new tax law and how it will impact their business, according to the National Association for the Self-Employed.

Taxes 144

Taxes America National Community 144

PYMNTS

APRIL 18, 2019

Only entities authorized to view information pertaining to these transactions will be able to see it, while companies can provide full traceability and transaction history to regulators and auditors. ” EY said it plans to release the software code into the public domain in four to six weeks.

blockchain 167

blockchain Security Tools Taxes 167

PYMNTS

JANUARY 24, 2020

The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported.

cryptocurrency 130

cryptocurrency Massachusetts Policies Taxes 130

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. How to lessen the impact of CECL on smaller community banks. Many smaller community financial institutions are driving the conversation of cost vs. benefit regarding CECL. WARM was geared specifically to community banks.

Community Bank 150

Community Bank Community Lending Analysis 150

PYMNTS

JULY 15, 2020

“As a reputable law firm, they would have investigated EMIF’s position and been satisfied as to matters such as EMIF’s beneficial ownership, compliance with money-laundering and terrorist financing laws, and the absence of tax and other fraud,” Cranston wrote, FT reported. Still, this is not the end of troubles for Wirecard.

Fraud 160

Fraud Taxes Groups Compliance 160

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

Abrigo

DECEMBER 20, 2021

Now is the time for community financial institutions to pay attention. 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. . Fundamentals of BSA. The world is watching the U.S.,

Resources 195

Resources Texas Analysis System 195

PYMNTS

JANUARY 12, 2017

“Countries are coming out with more stringent regulations around use of personal data and where it can be located and for what purposes,” explained Kira Rubiano, partner at global payroll service firm Celergo LLC, in an interview with Bloomberg BNA for the report. a new payroll tax, the Apprenticeship Levy, will come into effect in April.

Data 100

Data Taxes Regulation Compliance 100

PYMNTS

FEBRUARY 8, 2017

“Small businesses continue struggling to access the capital required to effectively operate and grow — particularly businesses located in low-income communities,” said Greenline Ventures President Patrick Vahey in a statement. Bancorp Community Development Corporation. Its NMTC equity investor is U.S.

Denver 100

Denver Community Lending Taxes 100

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. See Part I: Implications for Community Financial Institutions. BSA Rules and Regulation. BSA Rules and Regulation. Stay up-to-date on the latest FinCEN Priorities. Learn More.

Training 195

Training Risk Management Pennsylvania Resources 195