Tag: PayPal
Crypto tax implications are often a costly surprise
Rhode Islanders who own cryptocurrency may be sitting on a tax surprise waiting to surface.
That’s because the IRS treats digital assets not as cash...
Gen Z banks differently; can credit unions keep up?
Gen Z is poised to become the most powerful force in consumer finance in the coming years, but credit unions risk missing out if...
A TIGHT SQUEEZE: R.I. credit unions trying to shake off drastic...
It’s times like these that Kathleen C. Orovitz is probably glad she runs a credit union instead of a bank.
She’s the CEO and president...
Former Navy officer sentenced for selling stolen military gear
PROVIDENCE – A former U.S. Navy officer has been sentenced to 18 months in federal prison for orchestrating a conspiracy to sell stolen American...
2 R.I. men arrested in multimillion-dollar retail theft crime ring probe
PROVIDENCE – Two Rhode Island men have been arrested and charged with taking part in an organized retail theft crime ring that targeted retailers...
Crypto hasn’t lived up to promise for R.I. nonprofits
In 2022, the Rhode Island Community Food Bank announced it would start accepting donations of cryptocurrency, joining a small group of local nonprofits seeking...
X Corp. licensing in R.I. part of a bigger tech push?
The "currency transmitter" license that Rhode Island recently issued to the company formerly known as Twitter Inc. is a common authorization in business dealings,...
Billions stored on digital payment apps may be unprotected, CFPB warns
WASHINGTON – The Consumer Financial Protection Bureau has published a consumer advisory on digital payment apps heavily used by consumers and businesses.
A CFPB analysis...
Fraud, scam cases increasing on Zelle, Senate report finds
NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...
Globe: R.I. Foundation head had ‘preliminary’ talks about saving Superman building
PROVIDENCE – Discussions about potentially saving Rhode Island’s tallest – and currently vacant – skyscraper have surfaced once again.
Rhode Island Foundation CEO and President...
