Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • Bangor Savings Bank’s acquisition of Granite Bank of New Hampshire was unanimously approved by the boards of directors. (Central Maine 10.24.2017)
  • Toronto-Dominion Bank (TD Bank) is a top 10 US bank and has plans for future growth. (Bloomberg 10.23.2017)
  • The Maine Supreme Court ruled in favor of the Defendant in the National Mortgage Association (Fannie Mae) v. Deschaine case opening a path for other cases to be appealed. (The Free Press 10.12.17)
  • McCrillis & Eldredge Insurance, a subsidiary of Bar Harbor Bankshare, has been sold to Cross Insurance. (Business Wire 10.11.2017)
  • Camden National Bank offersdigital mortgages with help from Blend, a San Francisco cloud-based software company. (National Mortgage News 9.29.17)
  • Equifax is developing a free, new, user-friendly service to give the consumer control over access to their personal credit data. (Maine Public 9.28.2017)
  • Equifax’s interim CEO, Mr. Rego Barros, apologizes for security breach. (Wall Street Journal 9.17.17)
  • Richard Cordray, Director of the Consumer Financial Protection Bureau, plans to strengthen oversight for credit rating agencies. (BDN 9.28.17)
  • Upgraded ATMs replace four Skowhegan Bank branches beginning January 19, 2018. (Central Maine 9.25.17)
  • Class action lawsuits by consumers against banks and credit card companies was voted to be repealed by US Senate. (BDN 10.25.17)
Topics: Current Events in Banking