Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • The Federal Reserve decided to not raise interest rates due to a weak May employment report and uncertainty about international economies. (Portland Press Herald 7.6.2016)
  • Creating and using fake credit cards to buy $50,000 plus worth of goods in Maine leads to man’s arrest, jail, and a $250,000 fine. (BDN 7.9.2016)
  • York County Federal Credit Union finds device on its ATM used to collect electronic information known as “skimming.” (Mainebiz 7.12.2016)
  • May reports show foreclosure inventories dropped. (Consumer Affairs 7.13.16)
  • JP Morgan reports strong quarterly results - leading other institutions. (BDN 7.14.2016)
  • Maine is the 9th top-performing state for the rate of growth for the first quarter. (Portland Press Herald 7.27.2016)
Topics: Current Events in Banking