Banking Law Update

A blog from the attorneys of Verrill

Search Blog

Financial Institutions . . . In the News

  • Maine banks encountered a positive 2017 and 2018 looks promising. (The Ellsworth American 3.5.2018)
  • Federal Reserve Chairman Jerome Powell plans gradual increase ininterest rates. (PPH 3.1.2018)
  • Equifax breach affected 147.9 million consumers which is more than initially reported. (BDN 3.1.2018)
  • Lincoln J. Merrill becomes chairman of MaineHousing’s board of commissioners. (MaineBiz 2.27.2018)
  • New tax laws means Fannie Mae will need to request taxpayer funds from the US Treasury. (PPH 2.14.2018)
  • Small businesses are seeking capital funding from big banks and lending institutions. (The Washington Post 2.12.2018)
  • The National Cannabis Industry Association pursues new banking regulations to include legalized marijuana. (PPH 2.8.2018)
  • Waldo County employees may have been impacted by a phishing attack which compromised employee’s confidential information. (Central Maine 2.7.2018)
  • Bill to protect elderly from property foreclosure action is backed by Governor LePage. (Central Maine 2.6.2018)
  • York County Federal Credit Union and Atlantic Federal Credit Union plan to merge and, once the merger is approved, it will operate under the name of Atlantic Federal Credit Union. (Central Maine 2.5.2018)
  • Wells Fargo is restricted from increasing its assets beyond 2017 level without Federal Reserve’s permission. (Central Maine 2.4.2018)
  • Past Federal Reserve Chairwoman Janet Yellen joins the Brookings Institution as a distinguished fellow in residence at the Hutchins Center on Fiscal and Monetary Policy. (Central Maine 2.2.2018)
  • George Gervais nominated for Director of Maine State Housing Authority. (MaineBiz 2.2.2018)
  • Camden National Bank opens a second office in New Hampshire. (BDN 2.4.2018)
Topics: Current Events in Banking