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Keyword: transactions

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  • Feds asked financial institutions to flag Bible purchases, terms like 'MAGA,' 'TRUMP' to identify 'Extremists': Report

    01/19/2024 9:07:50 AM PST · by Twotone · 9 replies
    The Blaze ^ | January 17, 2024 | Cortney Weil
    A shocking report from Rep. Jim Jordan, chairman of the Judiciary Committee and the Select Subcommittee on the Weaponization of the Federal Government, indicates that federal law enforcement agencies wanted financial institutions to identify potential extremists by flagging otherwise benign purchases and search terms affiliated with former President Donald Trump in the wake of the incident at the Capitol on January 6, 2021. On Wednesday, Jordan sent an alarming letter to Noah Bishoff, the former director of the Treasury Department's Office of Stakeholder Integration and Engagement in the Strategic Operations Division of the Financial Crimes Enforcement Network, better known as...
  • Worldwide Cyber Attack? Outage of Payment Processing Affecting Square, CashApp, Apple Pay, and More

    09/08/2023 6:57:36 AM PDT · by SeekAndFind · 22 replies
    PJ Media ^ | 09/08/2023 | Megan Fox
    Square, a company that supplies point of sale (POS) systems to small businesses that allow for credit card processing, has been down all day Thursday, affecting users in the U.S., Canada, United Kingdom, Australia, Japan, France, and Spain. Square is one of the largest suppliers of POS systems to all kinds of businesses, like restaurants, salons, tattoo parlors, boutiques, and much more. According to the website, Square is “Trusted by millions of businesses worldwide.”Without the ability to process credit cards, many businesses have reported turning away customers who don’t have cash—or taking an enormous risk and writing down credit card...
  • Federal Reserve set to oversee bank transactions

    07/24/2023 10:01:35 AM PDT · by truthkeeper · 39 replies
    frontline.news ^ | July 20, 2023 | Yudi Sherman
    The federal government this month is set to launch FedNow, a “safe and efficient” instant payments service which will allow the Federal Reserve to facilitate payments between bank customers and receive their transaction data.With FedNow, the Federal Reserve will act as a middleman in transactions between banks and credit unions. Currently, transactions pass through a financial institution called a clearing house, which facilitates the payments. But at the end of this month, the clearing house will instead be the Federal Reserve for many banks. For example, if John Doe wishes to pay a bill, he would initiate the transaction as...
  • That Democrat plot to empower the IRS to snoop on $600 bank transactions is bombing with the public

    10/18/2021 7:20:54 AM PDT · by SeekAndFind · 42 replies
    American Thinker ^ | 10/18/2021 | Monica Showalter
    In their bid to remake the world, Democrats are always surprised to find that their best laid plans are full of unintended consequences.This time, the "splat" is on them.Get a load of this Rasmussen poll from last Friday:69% Oppose Plan To Have IRS Monitor Bank TransactionsMore than two-thirds of voters are against plans in Congress to give the Internal Revenue Service access to data on all bank transactions over $600, and most believe Democrats are lying when they say they'll only raise taxes on the rich.A new Rasmussen Reports national telephone and online survey finds that 69% of Likely U.S....
  • US Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600: The Biden Administration plans on taking unprecedented looks at individual's bank accounts.

    09/15/2021 8:08:24 AM PDT · by SeekAndFind · 84 replies
    NOQ Report ^ | 09/15/2021 | Peter Jacobsen
    In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that has gone under-reported is the administration’s new plan for reporting requirements for financial institutions.The document is unequivocal about the administration’s goal for financial reporting, stating, “this proposal would create a comprehensive financial account information reporting regime.”The Biden administration’s goal here is to increase tax revenue by making sure no income avoids detection. How will the administration do this? It plans to leverage financial institutions like banks.“[T]his requirement would apply to all business and personal accounts from financial institutions,” the...
  • Donald Trump throws coronavirus travel ban into MORE chaos by saying Americans will NOT be allowed back into the country if they test positive and quarantine will be 'enforced' despite Pence insisting all US citizens can come home

    03/12/2020 10:00:06 AM PDT · by RummyChick · 147 replies
    DM ^ | 3/12/2020 | smith
    President Trump raised fresh questions surrounding his response to the coronavirus on Thursday by saying that Americans in Europe will be tested for coronavirus before they are allowed to board flights and that they will not be allowed to come home if they test positive. The shocking announcement came after his decision to halt all travel from Europe to the US for 30 days starting from Friday at midnight. During a press conference with the Irish Prime Minister Leo Varadkar in the Oval Office, Trump said: 'We are not putting them on planes if they test positive. It is going...
  • Why Did Saudi Arabia Start an Oil Price War?

    03/10/2020 4:25:20 PM PDT · by CheshireTheCat · 58 replies
    This Week In Asia ^ | March 10, 2020 | Meaghan Tobin
    Global oil demand was already in the doldrums amid widespread restrictions on trade and travel in the wake of the novel coronavirus outbreak But Russia balked at oil production cuts, the Saudis slashed prices in retaliation and global markets went into a tailspin on Monday
  • Officials: At least 95 million toll transactions still pending as part of SunPass upgrade

    06/27/2018 12:18:18 AM PDT · by Tolerance Sucks Rocks · 5 replies
    WFTV 9 ABC ^ | June 25, 2018 | Racquel Asa
    ORLANDO, Fla. - One state lawmaker isn’t ruling out the possibility of an investigation, while thousands of customers wait for tolls to start posting to their SunPass accounts.SunPass conducted a major upgrade earlier this month, and since June 1st, many drivers haven’t seen any charges yet. Officials had promised to post those toll charges gradually, so as not to overwhelm the system.This delay is already causing concern for some drivers—like Mark Hammonds, who we caught in between trips that often take him on the turnpike. “You’re at risk of not being reimbursed if you don’t file them timely,” he said. The state...
  • They Are Slowly Making Cash Illegal

    03/29/2015 6:44:19 PM PDT · by SeekAndFind · 75 replies
    TEC ^ | 03/29/2015 | Michael Snyder
    The move to a cashless society won’t happen overnight. Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are starting to place restrictions on the use of cash for security reasons. As citizens, we are being told that this is being done to thwart criminals, terrorists, drug runners, money launderers and tax evaders. Other forms of payment are much easier for governments to track, and so they very much prefer them. But we are rapidly getting to the point where the use of cash is considered to be a...
  • CFPB's data-mining on consumer credit cards challenged in heated House hearing

    09/13/2013 7:56:11 PM PDT · by Innovative · 15 replies
    Washington Examiner ^ | Sept 13, 2013 | Richard Pollock
    Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions – through a controversial data-mining program, according to documents obtained by the Washington Examiner. A CFPB strategic planning document for fiscal years 2013-17 describes the “markets monitoring” program through which officials aim to monitor 80 percent of all credit card transactions in 2013. “This is one step closer to a Big Brother form of government where they know everything about us,” said Rep. Sean Duffy, R-Wis.
  • Former Tennessee Valley Authority VP Pleads Guilty to Unlawful Financial Investments in Iran

    09/06/2013 10:48:10 AM PDT · by TennesseeGirl · 8 replies
    WRCB ^ | Sept 04, 2013 | WRCB Staff
    Former TVA Vice President 58-year-old Masoud Bajestani plead guilty to conspiracy to violate the International Emergency Economic Powers Act (IEEPA) and Iranian Transactions Regulations, and two counts of filing false income tax returns. Bajestani sentencing is set for January 15, in U.S. District Court in Knoxville. Bajestani faces a maximum sentence of five years in prison for conspiracy to violate the IEEPA, and three years for each count of filing a false tax return. He also faces a maximum fine of $250,000 on each count. In February 2013, a federal grand jury charged Bajestani, with conspiracy, violations of the IEEPA...
  • Pete Stark offers currency transaction tax bill

    08/22/2010 1:39:47 PM PDT · by GailA · 41 replies · 1+ views
    ibabuzz.com ^ | July 20th, 2010 | Josh Richman
    A tax on currency transactions could both stablize our finanical system and pay for investments in global health, climate change mitigation and affordable child care, according to Rep. Pete Stark. “Every day, there are $4 trillion worth of currency transactions,” Stark, D-Fremont, said in a news release. “The vast majority of these are speculative – banks trying to make a buck by out-guessing the system. This speculation contributed to the last Wall Street crisis and makes our financial system less stable.” “The proceeds of a new tax on currency speculation will be used to provide billions in new funding for...
  • Brown urges global tax to fund bank bailouts

    11/07/2009 10:05:04 AM PST · by TigerLikesRooster · 17 replies · 616+ views
    Market Watch ^ | 11/07/09 | William L. Watts
    Nov. 7, 2009, 10:29 a.m. EST Brown urges global tax to fund bank bailouts By William L. Watts, MarketWatch LONDON (MarketWatch) -- British Prime Minister Gordon Brown on Saturday urged finance officials from the world's 20 largest industrialized and developing nations to weigh a global tax on financial transactions that would be used to fund bank bailouts. "I believe we should discuss whether we need a better economic and social contract to reflect the global responsibilities of financial institutions to society," Brown told finance ministers and central bankers from the Group of 20 nations gathered at St. Andrews in Scotland....
  • Argentina, Brazil to drop U.S. dollar in bilateral commercial transactions

    03/17/2008 3:47:03 AM PDT · by BGHater · 32 replies · 566+ views
    Xinhua ^ | 16 Mar 2008 | Xinhua
    Argentina and Brazil are to scrap bilateral commercial transactions in U.S. dollars and start using their own currencies from August, an official in charge of currency settlement at the Argentine Central Bank said here Saturday. The new payment system is aimed at reducing costs in commercial transactions and would benefit small and medium-sized enterprises, the official said. Under the new system, there will be a unified exchange rate between the real and peso, the so-called reference rate, which will be applied by Brazilian and Argentine central banks at the end of each day. Brazilian President Luiz Inacio Lula da Silva...
  • Government Spying on Your Bank Transactions

    07/06/2006 4:06:16 PM PDT · by Tolerance Sucks Rocks · 30 replies · 1,144+ views
    Newsmax ^ | July 6, 2006 | Newxmax.com Wires
    The next time you do your banking, be sure you don't do anything out of the ordinary. If you do, you may end up caught in the crosshairs of a government program designed to target terrorists and money launderers. According to critics, innocent American bank customers who are doing nothing more than conducting their honest financial transactions are being vicitimized by Suspicious Activity Reports, or SARs. A SAR is a secret filing, triggered by any financial activity the government deems unusual. Specifically, any group of transactions totaling $5,000 or more that "is not the sort in which the particular customer...
  • What about a Worldwide IRS?

    04/28/2005 1:09:59 PM PDT · by MikeEdwards · 16 replies · 553+ views
    CFP ^ | April 28, 2005 | Nathan Tabor
    Tax time is behind us now, and most American citizens would be happy not to have to think about the taxman’s hand in their pockets for another year. The IRS today is out of control. There are over 30,000 pages of tax code, and it takes an accountant or a tax service to file your taxes. Wouldn't it be nice if we could simplify the tax code and eliminate the IRS? Good news! The United Nations wants to do that for us. However, this creates another problem. The UN wants to create it’s own global IRS. Yes, you read that...
  • ONLY 2 DAYS TO ACT: OPPOSE TERROR FUNDING ON U.S. SOIL

    07/30/2003 7:02:17 PM PDT · by forty_years · 3 replies · 314+ views
    War to Mobilize Democracy ^ | 7/30/2003 | Andrew L. Jaffee
    ACT NOW! After 9/11, most sensible people would acknowledge that we are in a war against terror. Terrorist groups do not exist in a vacuum. They need funding for their activities. In such an environment, why would we want to make it easy for illegal aliens to perform undocumented financial transactions within the United States? Furthermore, why would we want to make it easier for illegal aliens to engage in other surreptitious activities, like drug trafficking and money laundering? Why? It seems that the "banks and open borders lobby" are lobbying for just such dangerously irresponsible behavior. These groups want...