Nutter Announces New Leadership
There is a new leadership at the Boston law firm Nutter.
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Nutter Partners Make Case for Dual Fintech Regulatory System
Two partners from the Boston-based law firm Nutter penned an opinion piece yesterday in American Banker, saying it is a mistake to block the U.S. Office of the Comptroller of the Currency from issuing a fintech charter.
Curry Joins Boston Law Firm Nutter
Thomas J. Curry, who was U.S. comptroller of the currency until May of this year and most recently was an expert consultant for the International Monetary Fund, has joined Boston law firm Nutter as a partner.
Why Massachusetts’ Version of ‘Chevron Deference’ Will Survive
The U.S. Supreme Court ended its 2023-2024 term by upending a bedrock of federal agencies’ regulations. And it means state regulators here will likely take on a more important role.
PeoplesBank, Cornerstone Bank to Merge
Western Massachusetts’ biggest local bank and a prominent Worcester-area community bank say they plan to merge holding companies, the latest pair of mutual banks to combine using this increasingly popular method.
Local Lenders, Builders Lauded for $339M in Supplier Diversity Spending
Some of the biggest names in finance and real estate were cheered by the Greater Boston Chamber of Commerce this week in its annual “Pacesetter” awards, that call out firms working to diversify their supplier spending to include minority-owned companies.
North Shore Bank, Abington Bank to Merge
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
Developers Propose Housing Near Medford T Stations
Two developers are seeking to build multifamily housing on commercial properties near MBTA stations in Medford.
Wu Signals Help for Battered Office Buildings
Public subsidies could be the next tool in Boston’s bid to revive the downtown economy through conversions of neglected offices into housing as concerns mount that zoning incentives won’t be enough.
CDC Sues State for Blocking Housing in Eastie
An East Boston nonprofit is challenging a recent state ruling that would prevent affordable housing from being built on a long-vacant waterfront parcel.
Personnel File – No. 320
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Congress Condemns PPP Fintechs for Fraud and Mismanagement
An investigation highlights that four prominent fintech companies were nothing more than loan approval factories that lacked the resources and the acumen to detect fraud.
FTX: Down(fall) and (Fall)out
As the story of cryptocurrency exchange FTX continues to unfold, regulators point to the warning signs and regulators, investors and industry leaders reflect on what lessons can be learned.
Federal Regulators Answer Biden Administration’s Call to Action on Cryptocurrencies
President Joe Biden has ordered regulators to tackle the complex and rapidly evolving universe of crypto-assets and digital technology with a “whole-of-government approach.”
Multiple NSF Fees for Re-Presented Transactions Pose Compliance Challenges
Fresh attention from financial regulators towards non-sufficient funds fees for re-presented transactions is pushing banks to eliminate or dramatically cut these NSF charges.
Personnel File – No. 303
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Kraft Group Begins 2.4M SF Development in Sutton
A Kraft Group company has begun site work in the Blackstone Valley town of Sutton on the first phase of a real estate development that could total 2.4 million square feet of industrial space.
Fed Outlines Regulations for LIBOR Replacement in Contracts
Some contracts that rely on LIBOR need a replacement rate by the time LIBOR goes away next year, but are tough or impossible to modify. Fortunately, there’s a solution that requires little effort.
What Risks Do Banks Face Today?
The OCC’s latest Semiannual Risk Perspective is out, and it offers banking leaders plenty of food for thought about what’s waiting for them around the next corner.
Proposed CRA Regulations Recognize Lender Diversity
The first update to regulations implementing the Community Reinvestment Act in almost 20 years. Smaller lenders could see requirements tailored to their size, business model and local conditions.
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