Community Capital Technology | CCT’s Post

Here is a perfect example of a regulation change that on the surface sounds great for those who have credit card debt, but the outcomes will fool those who support it. First off, the companies don’t get to keep all of the “high fees”, 22% etc., because of overhead costs and delinquency. When you add those into the total, “profit” remaining is often in the high single digits, something reasonable for a company. If you cap credit at 10%, you can be assured the low credit consumer will be dropped instantly and lose all access to credit and be WORSE OFF. These are terrible proposals.

Will Harris support a financial transactions tax? During her 2020 campaign, Harris proposed a Financial Transactions Tax (FTT) with rates of 0.2% on stock trades, 0.1% on bond trades, and 0.002% on derivative trades. This tax could significantly reduce market liquidity, widen spreads, and decrease trading volume by up to 70%, potentially leading to job losses in the financial sector. It could also make mortgages, car loans, and business sales more expensive, potentially shaving 1% off GDP. While FTTs exist in some countries, they lack the robust capital markets seen in the U.S. A healthy banking system and capital markets are essential for a smoothly functioning economy. Interestingly, Walz, who owns no financial assets, might support such a tax, highlighting its potential adverse effects on retail investors. Sources

It is really really hard to invest at all-time highs But the real risk is not investing at all-time highs and then the market drops. The risk is sitting on the cash—or money market—for years and missing a ridiculous amount of upside Example: Cash over the last five years is paying 3% - 5%. $100K cash means you probably have about $110K right now after taxes Simple S&P500 you'd have almost doubled your money

"Factors influencing optimal capital structure": - Higher income tax rates make borrowing more attractive due to larger tax deductions for interest payments. - Companies with high-quality collateral can borrow more easily, as lenders are more willing to provide loans secured by valuable assets. - Businesses with stable and predictable cash flows are able to borrow more, while those with volatile cash flows face borrowing constraints. How is your business structured to be more tax efficient?

👉Business Today 💰💵 #MoneyToday | The month of October will see a few major changes in the area of personal finance. From today (October 1, 2024), rules and regulations related to income tax, #TDS on #mutualfunds, rents, and futures and options (F&O), small savings schemes' new rules will come into effect. ➡️Some debit and #creditcard rules will also change. 𝐒𝐨𝐮𝐫𝐜𝐞: Business Today #Tax #GST #Insurance #Banking #Finance #DebitCards #CreditCards.

Keeping too much in your checking account could mean missing out on valuable interest and growth. About two months' worth of expenses is the most to keep in a checking account. High-yield savings accounts, CDs, and investment accounts are better for money long-term. https://ow.ly/Z7lF50SuBCP

Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects. For daily news and analysis subscribe to the https://lnkd.in/grcK6QEX newsletter. #Payments #Finance #Fintech

Delayed landing. 🛬Lower and later tax refunds have delayed Capital One’s charge-off landing. Despite the so called “tax refund effect” Chairman Rich Fairbank reassured analysts on the Q1 2024 earnings call that “it hasn’t changed our view that credit has settled out” and charge-offs will settle at 15% above pre-pandemic levels in the near term as the outlook for the consumer remains strong. 💡The mist is still clearing. Last quarter Capital One referenced “stabilization” multiple times in its earnings call in reference to the outlook for credit. Despite this latest road bump the credit mist is still clearing. I’ve heard the same story from multiple banks. Card marketers will likely ease into less cautious growth strategies as the outlook for credit comes into focus.

Keeping too much in your checking account could mean missing out on valuable interest and growth. About two months' worth of expenses is the most to keep in a checking account. High-yield savings accounts, CDs, and investment accounts are better for money long-term. https://ow.ly/bche50SuBHn

Another excellent piece for Shieldpay, this time in Global Banking & Finance Review. How can businesses get complex deals done at speed while avoiding costly errors? This article explores some of the steps that can be taken. https://lnkd.in/ennBbcjh