As a senior leader managing my own department, I know firsthand the importance of taking on a mentee and lifting our employees up. To change the landscape of leaders we need to step up and guide employees to achieve their best potential.
MIT Federal Credit Union’s new Lexington headquarters spans 25,000 square feet of renovated space at a Lexington office building redesigned by Boston-based architects Dyer Brown.
With the coronavirus crisis shutting down thousands of small businesses and driving unemployment to new heights, fintech lenders argue they will have a key role in trying to revive this critical segment of the economy once the immediate public health crisis is over.
While working at a regtech firm, Mike Kennedy heard from bank and credit union executives who were looking to remain competitive against larger banks and fintech providers. The conversations gave him an idea: Marijuana regtech Green Check Verified.
Banks that became subject to CECL this year can delay implementing the standard for two years following an interim final rule issued by federal bank regulators on March 27.
Acting swiftly in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus pandemic.
Banks gave back to their communities in substantial ways in recent weeks.
In the face of surging coronavirus cases in New York City and elsewhere around the world, Gov. Charlie Baker is asking all visitors to Massachusetts and all travelers returning to the state to self-quarantine for 14 days.
A prominent area bank is launching its own, $5 million small business fund to compliment state and federal efforts aimed at keeping these businesses from going under.
The state’s income tax deadline has been extended after days of speculation whether Massachusetts would follow the federal government’s lead.
The federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19.
The U.S. Small Business Administration launched the Express Bridge Loan (EBL) Pilot Program on March 25 to help existing small businesses obtain financing if they already have a relationship with an SBA approved lender.
As the widening financial crisis is expected to affect a growing number of mortgage borrowers, the Massachusetts Division of Banks has notified lenders and mortgage servicers that they are should work with borrowers experiencing financial hardships due to the coronavirus.
More than 3 percent of Massachusetts’ pre-coronavirus workforce has filed for unemployment in the last two weeks according to new figures released by the U.S. Department of Labor Thursday morning.
Last week was the first where the coronavirus suddenly became very real for much of America, and it shows in mortgage application data from the Mortgage Bankers Association.
A veteran of three of the largest banks on Wall Street will start next week as the commissioner of the Department of Revenue.
The Federal Reserve said it will suspend some of its bank supervisory activities to give banks more leeway in dealing with financially strapped customers.
With stock markets declining and businesses closing, banks and credit unions last week began announcing programs to help customers with financial difficulties resulting from the coronavirus outbreak.
Top congressional and White House officials say they expect to reach a deal Tuesday on a nearly $2 trillion measure aimed at easing the economic damage inflicted by the coronavirus pandemic.
