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Financial Services

Idaho regulators are keeping an eye on Bitcoin (access required)

Leading financial regulators from nine states recently formed a task force to look into Bitcoin and other emerging payment systems. While Idaho Department of Finance Director Gavin Gee isn’t on that task force, organized by the Conference of State Bank ...

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Federal reform would make firms pay taxes on unrealized income (access required)

Many Idaho law firms would have to switch their accounting methods and pay taxes on income before the money actually is collected, if a proposed federal tax reform makes its way through Congress. The proposal – not yet incorporated in ...

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Banks target retailers for credit fraud losses (access required)

Like bankers across the country, Dan Price saw Mountain West Bank take a direct hit after security breaches at Target and other retailers in recent months. Mountain West had to replace about 2,800 credit and debit cards after it was ...

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U.S. Bank promotes Smith to regional president (access required)

Justin Smith is the new regional president for U.S. Bank in Western Idaho/Eastern Oregon, filling a top post that was vacated more than two months ago when former regional president Joel Hickman left the bank. Smith had been the senior ...

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Sunwest makes Syringa its 5th resuscitated bank (access required)

After federal regulators closed the failing Syringa Bank Jan. 31, Sunwest Bank was there to pick up the pieces and reopen Feb. 3, with vinyl Sunwest Bank signs draped over old Syringa Bank signs. The sign-swapping was a small part ...

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Proposed law would bring about Internet sales tax, but not in Idaho (access required)

Legislation headed for the U.S. House Judiciary Committee would help some states collect sales tax from online retailers, but Idaho doesn’t qualify to take advantage of the act’s provisions. The Marketplace Fairness Act, which passed the Senate last year, would ...

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Five signs a customer is in default (access required)

In business, if you’re not getting paid by a customer or client, chances are someone else is. Business owners should be on the lookout for warning signs that a client may default on payment, and take proactive steps to make ...

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