Las Vegas Business Press: Las Vegas fund wins $55 million in federal New Market Tax Credits

By CHRIS SIEROTY SPECIAL TO LAS VEGAS BUSINESS PRESS Real estate projects in downtown Las Vegas and other traditionally underserved areas could benefit from millions of dollars in tax credits awarded through a federal program aimed at enticing private investment in low-income areas. The U.S. Department of Treasury allocated $55 million in New Markets Tax … Continue reading Las Vegas Business Press: Las Vegas fund wins $55 million in federal New Market Tax Credits

Advertisements

PaymentsCompliance: NetSpend Denies Deceptive Marketing Charges In FTC Lawsuit

14TH NOV 2016 | WRITTEN BY: CHRIS SIEROTY The Federal Trade Commission (FTC) has charged reloadable prepaid card company NetSpend with deceiving customers about access to funds deposited on their debit cards, an allegation the company intends to “vigorously contest.” In a 28-page complaint filed on Thursday in federal court in Atlanta, the FTC charged … Continue reading PaymentsCompliance: NetSpend Denies Deceptive Marketing Charges In FTC Lawsuit

GamblingCompliance: Adelson Tipped To Lobby Trump For RAWA

21ST NOV 2016 | WRITTEN BY: CHRIS SIEROTY With the United States preparing to inaugurate its first former casino owner as president, at least one Washington, D.C. lobbyist believes Donald Trump’s administration will have to consider supporting legislation to reinstate the federal ban on online gambling. “Donald Trump will have to pay some attention to … Continue reading GamblingCompliance: Adelson Tipped To Lobby Trump For RAWA

Nevada Treasurer continues ties with Wells Fargo

By CHRIS SIEROTY SPECIAL TO THE LAS VEGAS BUSINESS PRESS Nevada's treasurer said the state will maintain its business ties with Wells Fargo, but will continue to "closely monitor this situation," amid the controversy over employees creating phony accounts. State Treasurer Dan Schwartz said that "while many questions remain unanswered … we have spoken with … Continue reading Nevada Treasurer continues ties with Wells Fargo

Nevada credit unions, community banks battle over lending rules

By CHRIS SIEROTY SPECIAL TO THE LAS VEGAS BUSINESS PRESS Nevada credit unions continue to post increases in business loans, hitting $6.4 billion in outstanding loans as of June 30, a figure not seen since 2010, according to the Nevada Credit Union League. Depending on the outcome of a lawsuit against the National Credit Union … Continue reading Nevada credit unions, community banks battle over lending rules