Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • United Wholesale Mortgage expands interest-only loans availability to more customers. (Portland Press Herald 6.24.2015)
  • Credit card fraud ring in Maine and New Hampshire have police looking for at least four suspects. (WGME 6.24.2015)
  • Geoff Titherington becomes chair and Milda Castner, vice chair, of Kennebunk Savings Bank’s board of trustees. (Fosters 6.28.2015)
  • Unemploymentdecreased in June, however, wages remain flat suggesting the economy has not fully recovered. (Portland Press Herald 7.2.2.15)
  • Maine legislators pass stricter foreclosure protections for homeowners based on Bank of America Corp vs. Greenleaf. (Reuters 7.1.2015)
  • Based on 2013 financial reports, Maine’s fiscal health is ranked 42nd in the nation. (Portland Press Herald 7.7.2015)
  • Bangor Savings Bank and UNE initiate pilot program to engage students to take part in online and in-class coursework and on-the-job training. (MPBN 7.9.2015)
  • Federal Reserve rates likely to rise this September as economy show signs of improvement. (Central Maine 7.15.2015)
  • Largest U.S. banks required to keep capitalat levels above industry standards to help prevent future taxpayer bailouts. (Central Maine 7.21.2015)
Topics: Current Events in Banking