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Friday
Apr182014

Financial Institutions....In the News

  • Christopher Whalen (NY investment banker) shares his views on the attitude of the mortgage business.  (HousingWire 3.28.14)
  • Thomas Cox responds to Christopher Whalen’s commentary.  (HousingWire 3.28.14)
  • Low interest rates are still needed to help the job market says Fed Chair Janet Yellen.  (Press Herald 4.1.14)
  • TD Bank is focusing on human and convenient banking calling the program the "Human Truths of Banking."  (Gnomes 3.31.14)
  • Structure changes in the works for Kennebec Savings Bank.  (Kennebec Journal 4.14.14)
  • New laws in Maine will improve the foreclosure process by expediting procedures for abandoned properties and strengthening the role of mediators.  (Maine Biz 4.14.14)
Friday
Apr182014

FDIC to Banks: Be Vigilant about Cyber-Security

Earlier this month, the FDIC issued guidance to financial institutions to help them address risks associated technology outsourcing and cyber security. On April 7th, the FDIC issued FIL-13-2014 entitled “Technology Outsourcing: Informational Tools for Community Bankers.” Three days later, on April 10th, the FDIC issued a press release entitled “FDIC Urges Financial Institutions to Utilize Available Cyber Resources.”

Click to read more ...

Thursday
Apr032014

Bank Regulators Warn About Cyber-Attacks

On April 2, 2014, the FDIC issued a Financial Institution Letter notifying banks of recent “large dollar” ATM fraud and related cyber-attacks aimed at tapping into web-based control panels for ATMs. The FDIC highlighted a recent $40 million theft involving the use of 12 debit card accounts. The FIL included guidance for financial institutions related to reducing financial and other risks associated with cyber-attacks.

Click to read more ...

Wednesday
Mar262014

Financial Institutions . . . In the News

  • Consumer confidence still high as national home sales dropped in February.  (Bangor Daily News 3.25.2014)
  • Proposed bill would exempt insurance firms from same capital and liquidity requirements imposed on banks.  (Bloomberg Businessweek 3.11.2014)
  • Maine’s Bureau of Consumer Credit Protection releases new mortgage guide, “The Downeaster Common Sense Guide to Finding, Buying and Keeping Your Maine Home.”  (Maine Real Estate Rama 3.5.2014)
Monday
Feb242014

Financial institutions . . . In the News

  • Maine’s Northeast Bancorp gains prior Obama Cabinet member.  (Bangor Daily News 1.24.2014)
  • Maine banks and credit unions collaborate on training and education to stop elder financial abuse.  (Bangor Daily News 2.10.2014)
  • Federal banking changes allow Maine medical marijuana sellers access to banks.  (Maine Public Broadcasting Network 2.14.2014)
  • Fixed rate mortgages rise in U.S.  (Portland Press Herald 2.21.2014) 
  • Fannie Mae repays taxpayer bailout with $7.2 billion dividend.  (Kennebec Journal 2.21.2014)
  • U.S. Government receives about $9 million more from Fannie Mae than it drew from the government.  (Bangor Daily News 2.23.2014)
  • Maine home sales in January 2014 increased 8.6% over sales in January 2013.  (Portland Press Herald 2.21.2014)
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