East Haven Man Charged with Defrauding Illinois Company of More Than $1.5M
Three men have been indicted by a New Haven grand jury for operating a scheme that defrauded an Illinois-based company of more than $1.5 million.
A Look at Tax Breaks Business Owners Are Losing
As small business owners compile their income tax returns, they may have an unpleasant surprise – some popular business deductions have disappeared or been reduced under the new tax law.
Colchester Woman Charged in Thefts from Property Developer
A Colchester woman was indicted with one count of wire fraud stemming from an embezzlement scheme.
Tobacco Wholesaler Sentenced to Three Years for Defrauding State of Taxes
A citizen of India residing in Fairfield was sentenced yesterday in New Haven federal court to three years of imprisonment, followed by three years of supervised release for defrauding the state of Connecticut of more than $5.8 million in taxes due on tobacco products imported into the state.
Sudden CEO Departure Almost Undermined Willimantic Bank’s Sale
When Boston-based Berkshire Bank’s longtime President and CEO Michael Daly abruptly left the bank at the end of November, a storm of questions followed from the media, analysts and other stakeholders.
Study: Connecticut Mortgage Rates Higher Than MA, Lower Than NY
Connecticut’s mortgage rates are solidly in the middle of the pack, according to a new state-by-state study of mortgage rates by Lending Tree.
Report: Growing Numbers Support Repeal of Inheritance Tax
Growing numbers of Democrats in the state legislature are joining their Republican colleagues to support a longtime conservative priority: repealing Connecticut’s inheritance tax.
Lamont Promises “Debt Diet” for State Budget
At a meeting of the Waterbury Regional Chamber Monday, Gov. Ned Lamont announced a proposal to shrink the state’s borrowing by 39 percent, the equivalent of hundreds of millions of dollars annually.
Proposed CT Law Limits What Bosses Can Say to Employees
With a new attorney general, Connecticut’s Democratic Senators believe they have a better chance of passing legislation that seeks to limit what employers can say to employees in the workplace.
Chamber of Commerce President Resigns After Facebook Post
A former Connecticut mayor has resigned as president of a local Chamber of Commerce after his Facebook post about a group of congresswomen at the State of the Union speech was condemned as misogynistic.
Lawmakers Propose State-Run Banks
Two bills headed for the state legislature’s Banking Committee are proposing to establish state run banks in Connecticut.
Hartford Federal CU Merging With Another Small Hartford Credit Union
Two credit unions in Hartford are planning to merge.
Jewett City Savings Bank Awards $31K to First Responders
The Jewett City Savings Bank Foundation recently awarded 34 grants totaling $31,000 to more than two dozen providers of emergency services in the bank’s market area.
CFPB to Gut Most of its Payday Lending Rules
The nation’s federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders.
Chamber Leader On Leave After Misogynistic Facebook Post
The president of the Greater New Britain Chamber of Commerce has been put on leave for a misogynistic posting on Facebook made during President Donald Trump’s State of the Union address.
Fannie Mae Weekly Mortgage Rate: Feb. 7, 2019
Streamlining Compliance Has Never Been So Important
In 2018 alone, there were more banking and finance regulatory changes than there were business days in the year. Pamela Perdue and her regtech company Continuity are there to help banks and credit unions navigate that morass.
Former Armored Truck Driver Indicted on Theft of $900K
A federal grand jury has indicted a former armored truck driver on charges accusing him of taking more than $900,000 from the vehicle.
Citizen of India Charged with Operating ‘Provisional Credit’ Fraud Scheme
A citizen of India has been charged by federal criminal complaint with fraud offenses stemming from an alleged “provisional credit” scheme.
New Haven Man Pleads Guilty to Bank Robbery
Vincent Jones, 50, of New Haven, pleaded guilty last week in Bridgeport federal court to one count of bank robbery.
