Banking and Lending
Senior management and the boards of directors are ultimately responsible for an institution’s compliance.
Potential warning flags cropping up in the auto finance market nationwide are prompting state regulators to take a closer look at auto financing here in Massachusetts.
The Consumer Financial Protection Bureau fined Experian and its subsidiaries $3 million for deceiving consumers about the use of credit scores it sold to consumers.
In perhaps another sign that the conversation around fintech is shifting, MIT recently brought fintech together with traditional financial services companies in its first-ever fintech hackathon.
Country Bank, MutualOne and Jeanne D’Arc Credit Union are featured in this week’s roundup.
Quincy-based Grossman Cos. Inc. has acquired two properties in East Boston and Somerville that are home to Citizens Bank branches.
Rising commercial real estate prices in the U.S. could intensify problems in an economic downturn further down the road, the president of the Boston Fed said this week before a banking supervision conference.
Owners of mid-sized U.S. companies are more optimistic about future economic conditions than they were before the election, according to a recent survey out of Citizens Commercial Banking.
The former chief executive of a telecom company prosecutors say was really a massive pyramid scheme that cheated nearly 1 million people worldwide out of nearly $1.8 billion has been sentenced to six years in prison and three years of probation.
Federal regulators could reduce regulatory burden on banks by simplifying capital rules, streamlining call reports and increasing the appraisal threshold for commercial real estate loans, a consortium of regulators told Congress this week.
Wells Fargo & Co. saw a drop in consumers opening checking and credit card accounts in February, the bank said on Monday, marking the sixth straight month of decline since a sales scandal rocked the bank last year.
The U.S. Department of Justice filed an amicus brief in federal court on Friday, March 17, challenging the constitutionality of the structure of the Consumer Finance Protection Bureau.
Rockland Trust’s investment management division recently passed $3 billion in assets under management, owing largely to efforts to build its client base combined with Rockland’s acquisition activity, the bank said.
The Consumer Financial Protection Bureau ordered Nationstar Mortgage LLC to pay a $1.75 million civil penalty last week for violating the Home Mortgage Disclosure Act by consistently failing to report accurate data about mortgage transactions for 2012 through 2014.
Florence Bank, NAI Hunneman and Sagan Realtors are among the associations announcing changes to personnel in this week’s roundup.
Like so many others in banking, Anne Cerami says she got into her field mostly by accident, when a recruiter suggested a commercial real estate gig at Shawmut Bank 25 years ago. Since then she’s held a variety of roles, including credit analyst, commercial lender and SBA manager. Now with TD Bank
High-profile data breaches of the Home Depot flavor may grab headlines, but smaller businesses are an increasingly attractive target for cybercriminals – and the shrapnel from those attacks hits their banking institutions.
Rockland Trust announced this week that it had named Gerard Nadeau, its commercial banking head, president of the bank.
Bank of America Corp. Chairman and CEO Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank’s proxy filing on Wednesday.
Six financial institutions are featured in this week’s roundup of organizations giving back to their communities.
- CFPB Imposes Largest HMDA Fine To Date Against Nationstar Mortgage
- Quincy Developer Buys Bank Branches In Somerville, East Boston
- Flaherty Takes Top Honor At CBA Awards Ceremony
- Tyngsboro Retail Center Sold For $6.2M
- Goodwin Office Tower Sold For $447M