IRS Treasury Fact Sheet

Mark Campanale Government Relations, Government Relations Updates

What is the latest DC discussion on the Administration/Treasury/IRS modified proposal to receive information on your bank transactions?  Treasury Department 10/19/2021 press release refers to “financial institutions and banks” only having to add two additional numbers to what they already report. (see link)  Revisions include raising the reporting threshold from $600 to $10,000 and exempting certain wages and federal benefits.  Republicans on Ways & Means oppose surveillance (see link)  NPA …

New Director of the CFPB

Mark Campanale Government Relations, Government Relations Updates

After months of hearings, discussions, etc. Rohit Chopra was sworn in as Director of the CFPB on October 12, 2021. His opening statement outlines his commitment for the CFPB to watch out for families, workers, and communities.    Last week I monitored a well-known DC firm’s webinar on ‘What to Expect Next’ from the new CFPB Director. Here are some of their thoughts…  Rulemaking through Enforcement,  Regulation …

SEOh-no! Where Do I get Started?

Mark Campanale Expert Guidance

10/21/21 By Mark Campanale, NPA Digital Marketing Manager SEO (Search Engine Optimization) is the algorithm used by search engines to find quality web sites that are relevant to what is typed in the search bar. However, it is ALWAYS changing. But this is a good thing. The more the engines are fine-tuned, the better the results. They are constantly tweaking …

How to improve your customer service experience

Mark Campanale Expert Guidance, Members Only

~ Bob Phibbs is a Keynote Speaker at Pawn Expo 2021 ~ Bob Phibbs, The Retail Doctor SalesRX Online Retail Sales Training How to improve your customer service experience? Concentrate on your employees and engage their hearts, not just their minds. Many retail stores offer the same or similar products as you do. And anything is available online. If the …


Mark Campanale Government Relations Updates

IR-2021-17, Jan. 19, 2021 WASHINGTON − The Internal Revenue Service today released Notice 2021-11 addressing how employers who elected to defer certain employees’ taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. In response to a presidential memorandum signed Aug. 8, 2020, Notice 2020-65 was issued on Aug. 28, …


Mark Campanale Government Relations Updates

FinCEN assessed a $390,000,000 penalty against Capital One for willful and negligent violations of the Bank Secrecy Act. Capital One disregarded its’ obligations to report information that would aid law enforcement in protecting national security. Their failures allowed known criminals to have unchecked access to the nation’s financial system, fostered criminal activity and allowed it to continue and thrive at the …


Mark Campanale Government Relations Updates

CFPB Director Kathleen Kraninger resigned at the request of newly sworn-in President Biden. The announced nominee to assume leadership of the CFPB is Rohit Chopra who is currently serving as a federal trade commissioner. Mr. Chopra was formerly at the CFPB as Assistant Director under Richard Cordray.