Yesterday’s release of meeting minutes from the Federal Open Market Committee’s July 25-26 meeting garnered plenty of headlines due to the dialogue between FOMC members suggesting a rate increase in December may not be as certain as some had initially thought. But smaller banks were not left out of the FOMC’s discussion.
What would drive a fourth-grade teacher to become the CEO of a real estate holding company that currently has over $20 million in assets?
Two of the country’s major credit union advocacy groups have recently sent letters to the Consumer Financial Protection Bureau, pushing for further delay of the agency’s proposed amendments regarding prepaid accounts.
As Berkshire Bank gets larger, swelling to more than $12 billion in assets once it completes its acquisition of Commerce Bank, the company continues to take a careful look at the composition of its retail branches.
Two subsidiaries of IQor Holdings Inc. have agreed to pay $500,000 to agencies in five different states, including the Connecticut Department of Banking, for unlawful debt collection practices.
Atlantic Community Bancshares Inc., the holding company of Pennsylvania-based Atlantic Community Bankers Bank and BBN Financial Corp., the holding company of Glastonbury-based Bankers Bank Northeast, recently announced their intentions to merge.
Many Americans do not know the last time the Federal Reserve raised interest rates, and nearly two-thirds of the country think the Fed needs improvement.
The National Credit Union Administration continues to face backlash for paying out more than $1 billion in contingency legal fees to several law firms for various lawsuits.
Bill Haynes started helping financial institutions with their communication efforts before there were any firms exclusively dedicated to that industry.
The battle over the Consumer Financial Protection Bureau’s recently published rule banning mandatory arbitration clauses is continuing to pick up steam as the U.S. Senate prepares for a vote later this year that will determine the fate of the rule.
Executives of United Financial Bancorp, the holding company of United Bank, were pleased with their second quarter earnings results, particularly on the income they generated associated with interest rate swaps.
Commercial loan growth drove net income at SBT Bancorp, the holding company for the Simsbury Bank & Trust Co., to $568,000 in the second quarter, up more than $200,000 from the second quarter of last year.
U.S. House Republicans quickly put their disdain for the Consumer Financial Protection Bureau’s new arbitration rule into action, voting yesterday 231-90 in favor of a resolution that would annul the regulation, which many community bankers believe to be overly burdensome.
Webster Financial Corp., the holding company of the Waterbury, Connecticut-based Webster Bank, saw a net income of $59.5 million at the end of the second quarter, up roughly $11 million compared to the second quarter of last year.
Many credit unions will no longer have to report home equity line of credit (HELOC) data to federal regulators after the U.S. consumer watchdog agency earlier this week vowed to raise the reporting threshold.
A new rule intended to give consumers greater protection against financial institutions will likely lead to a host of regulatory challenges for community banks, and even more worrisome, potentially costly litigation.
The Consumer Financial Protection Bureau on Friday finalized updates to the agency’s “know before you owe” mortgage disclosure rule, hoping not only to formalize guidance of the rule, but also to provide greater clarity to an initiative that took effect in October 2015.