Banking Law Update

A blog from the attorneys of Verrill

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Financial Institutions . . . In the News

  • The July 2020 U.S. Foreclosure Market Report was released. (DS News 8.27.2020)
  • Federal Chairman Jerome Powell shows a plan to bolster the economy for the long-term. (The Hill 8.26.2020)
  • A May report shows mortgages with a 30-day delinquency rises above 7.9%. (MSN 8.19.2020)
  • Maine community banks provided exceptional assistance to small businesses applying for the Paycheck Protection Program. (Central Maine 8.17.2020)
  • Bank capital requirements may be reduced or temporarily suspended due to COVID-19. (American Banker 8.3.2020)
  • Courts anticipate numerous eviction cases when safeguards run out. (Central Maine 7.21.2020)
  • Some businesses in Maine are experiencing a coin shortage. (Sun Journal 7.17.2020)
  • A lawsuit by three southern Maine men was filed against two large lenders and some banks. (BDN 6.30.2020)
  • The Federal Reserve limits 34 of the country’s largest banks concerning dividends and stock buybacks. (PPH 6.25.2020)

Topics: Current Events in Banking