Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions...In the News

  • Maine Harvest Credit Project formed an expert panel to assist with creating a new credit union for farmers and food entrepreneurs. (Central Maine 3.16.2017)
  • Savings accounts at financial institution generally remain low as federal rates increase for borrowing. (BDN 3.15.2017)
  • A study of Maine’s state-chartered banks and credit unions report that foreclosure activity is the lowest in 8 years. (Portland Press Herald 2.25.2017)
  • Skimming device found on ATM at Downeast Credit Union branch in Belfast. (Central Maine 2.26.2017)
  • March stock split in announced for Bar Harbor Bankshares. (Ellsworth American 2.23.2017)
  • Governor LePage proposeslegislation to help elderly residences in foreclosure stay in their homes through reverse mortgages. (MPAMAG 2.20.2017)
  • Norway Savings Bank has new domain name, norwaysavings.bank, which will enhance online security and offer more protection against cybercrime. (Mainebiz 2.16.2017)
  • Massachusetts area Better Business Bureau warns of new scamming tactic – Caller asks if they can be heard and then records voice of person saying “yes” to use at a later time. (CBS News 1.20.2017)
Topics: Current Events in Banking