Banking Is No Longer a Financial Service: New Treasury Department Rule Gives Huge Tax Break to Banks
According to the Treasury Department, banking is no longer a “financial service.” With this reclassification, a new Treasury Department proposal hands huge tax breaks to banks. In 2017, the Tax Cuts and Jobs Act stated that financial services companies were … Continued
Are Banks Open on Labor Day?
Labor Day is celebrated on the first Monday in September. In 2018, Labor Day falls on Monday, September 3rd. If you are fortunate enough to get the day off work and forget to take care of your banking needs ahead … Continued
What If Banks Were Publicly Owned? L.A. Prepares to Vote
This November, voters in Los Angeles will decide whether or not to take money out of big banks and into a publicly owned bank. In June, the city council voted unanimously to add the measure to the November ballot. If … Continued
How Banks Profit From Police Brutality
A report from The Action Center on Race & the Economy (ACRE), has shown that banks are making huge profits from police misconduct. ACRE is a national racial justice and Wall Street accountability campaign based in Chicago. “Some of our … Continued
Hack Alert: FBI Warns Banks of “Unlimited” Worldwide ATM Cash-Out Attack
The FBI has warned of an imminent global cash hack at ATM machines. “The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine cash-out scheme in the coming days, likely associated with … Continued
Construction Finance: Time Value of Money & Project Evaluation
In these “Construction Finance” articles, we will analyze the finance of civil engineering and construction management. The first few articles cover mathematics, specifically the time value of money, interest rates, and rate of return. The second set of articles will … Continued
Facebook Wants to See Your Bank Transactions and Balances
Facebook has asked major U.S. banks to give up detailed financial information about their customers, including card transactions and checking account balances, because the social media giant wants to offer its users new services. Seeking to also be a place … Continued
First National Bank Will Stop Issuing NRA Visa Cards
First National Bank of Omaha, the nation’s largest privately-owned bank holding company, has listened to it’s customers and decided to stop issuing their NRA branded Visa card. “Customer feedback has caused us to review our relationship with the NRA. As a … Continued