Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • Maine passed new foreclosure proceedings and Notice of Mortgagor’s Right to Cure laws. (JDSupra 8.20.19)
  • Maine’s zombie housing market remains higher than the national average. (Housing Wire 8.15.19)
  • Jason House promoted Regional Vice President for TD Bank, Northern Maine. (BDN 8.9.19)
  • Ocwen Loan Servicing agrees to pay attorneys’ fees, penalties, and fines to approximately 24 homeowners. (Central Maine 8.6.19)
  • Federal Reserve Chairman Jerome Powell announces a quarter point decrease in interest rates. (BDN 7.31.2019)
  • Capital One anticipates the 2019 data breach to cost around $150 million. (NY Times 7.29.19)
  • Federal Reserve Chairman Jerome Powell signals forthcoming cut in interest rates. (NY Times 7.28.19)
  • Mortgage rates rise slightly and applications decrease. (News Center Maine 7.26.19)
  • Bangor Savings Bank is urging customers to call its help center if they see unauthorized transactions in their account. (WABI TV 7.24.19)
  • Equifax Data Breach settlement requires a restitution fund of a minimum of $380.5 million for American consumers. (NY Times 7.22.19)
  • Maine banks are expanding to other states in order to grow. (PPH 7.8.19)
  • Bar Harbor Bank & Trust expands to central Maine with the acquisition of eight of People’s branch offices. (Yahoo.com 7.8.19)
Topics: Current Events in Banking