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Entries in Equifax (6)

Monday
Oct292018

Financial Institutions . . . In the News

  • Michael Griffin, Executive Director of JP Morgan Chase & Co., leads a new commercial banking industry in Portland.  (Mainebiz 10.26.2018)
  • Maine Harvest Credit Project becomes Maine’s 56th credit union and first exclusively for farmers and food producers.  (Mainebiz 10.16.2018)
  • Maine home foreclosures continue to decline.  (BDN 10.11.2018)
  • Curtis Simard, President and CEO of Bar Harbor Bankshares, announces plans are being made for a Portland Commercial Loan Office.  (Mainebiz 10.5.2018)
  • Andrew Silsby, President and CEO of Kennebec Savings Bank, discusses banking in today’s market and preparing for the future.  (Central Maine 10.14.2018)
  • Wells Fargo customer avoided being scammed by calling the number on the back of his card to verify the fraud.  (News Center Maine 9.28.2018)
  • Mortgage applications increase as the rates also increase to a new high since April 2011.  (Press Herald 9.27.2018)
  • Wells Fargo & Co. Chief Executive Tim Sloan announces a 10% reduction in workforce in the next three years.  (Press Herald 9.20.2018)
  • A data breach in 2017 in the UK resulted in a fine of £500,000, or about $662,000 to Equifax (UK branch).  (The Hill 9.20.2018)
  • With the restrictions of the Dodd-Frank Wall Street Reforms being eased, banks and credit unions are picking up arguing over old disagreements.  (The Hill  9.12.2018)
  • Cloned ATM cards could be used in ATM cybercrime threat.  (News Center Maine 8.16.2018)
Tuesday
Jul242018

Financial Institutions...In the News

  • Commercial loans increased for Bar Harbor Bankshares in the second quarter.  (MaineBiz 7.23.2018)
  • President Trump is unhappy with the Federal Reserve increasing interest rates.  (BDN 7.20.2018)
  • Paul Andersen, CEO of Androscoggin Bank, announces Neil Keily as President.  Paul Andersen plans to be the Chairman of Board and Neil Keily take on the responsibilities of CEO and President at the end of 2019. (Sun Journal 7.19.2018)
  • 30-Year mortgage rates are the highest in seven years.  (Central Maine 7.12.2018)
  • Low unemployment contributing to good economy according to Federal Reserve Chairman Jerome Powell.  (PPH 7.12.2018)
  • Eight states including Maine, signed a consent order to require Equifax Inc. to strengthen security measures after 2017 data breach.  (Central Maine 6.27.2018)
  • Patricia Weigel, President and CEO of Norway Savings Bank and Tony McKim, President and CEO of First National Bank were elected President and Vice Chair respectively of the Maine Bankers Association. (Mainebiz 6.20.2018)
  • A June 2018 Report states that risks by large banks involve complex financial trades that helped fuel the 2008 financial crisis.  (Maine Public 6.19.2018)
  • Sterling Kozlowski of Key Bank will be remembered as a leader in the New England region.  (Central Maine 6.11.2018)
  • Maine Credit Union League supports legal cannabis from the threat of federal prosecution.  (Mainebiz 6.11.2018)
  • Legislature sends bill to President Trump to loosen banking regulations set in 2008 in response to the financial crisis.  (PPH 5.22.2018)
  • Romero Rainey, President and CEO of the Independent Community Bankers of America (ICBA), seeks to loosen federal banking regulations.  (The Hill 5.22.2018)
  • Maine banks report new foreclosures steadily decreasing throughout Maine.  (PPH 5.6.2018)
  • Bangor Savings Bank begins new construction of its headquarters on Bangor’s waterfront.  (Mainebiz 4.24.2018)
  • SunTrust breach linked to an employee and outside criminal.  (News Center Maine 4.20.2018)
Monday
Mar052018

Financial Institutions . . . In the News

  • Maine banks encountered a positive 2017 and 2018 looks promising.  (The Ellsworth American  3.5.2018)
  • Federal Reserve Chairman Jerome Powell plans gradual increase in interest rates.  (PPH 3.1.2018)
  • Equifax breach affected 147.9 million consumers which is more than initially reported.  (BDN 3.1.2018)
  • Lincoln J. Merrill becomes chairman of MaineHousing’s board of commissioners.  (MaineBiz 2.27.2018)
  • New tax laws means Fannie Mae will need to request taxpayer funds from the US Treasury.  (PPH 2.14.2018)
  • Small businesses are seeking capital funding from big banks and lending institutions.  (The Washington Post 2.12.2018)
  • The National Cannabis Industry Association pursues new banking regulations to include legalized marijuana.  (PPH 2.8.2018)
  • Waldo County employees may have been impacted by a phishing attack which compromised employee’s confidential information.  (Central Maine 2.7.2018)
  • Bill to protect elderly from property foreclosure action is backed by Governor LePage.  (Central Maine 2.6.2018)
  • York County Federal Credit Union and Atlantic Federal Credit Union plan to merge and, once the merger is approved, it will operate under the name of Atlantic Federal Credit Union.  (Central Maine 2.5.2018)
  • Wells Fargo is restricted from increasing its assets beyond 2017 level without Federal Reserve’s permission.  (Central Maine 2.4.2018)
  • Past Federal Reserve Chairwoman Janet Yellen joins the Brookings Institution as a distinguished fellow in residence at the Hutchins Center on Fiscal and Monetary Policy.  (Central Maine 2.2.2018)
  • George Gervais nominated for Director of Maine State Housing Authority.  (MaineBiz 2.2.2018)
  • Camden National Bank opens a second office in New Hampshire.  (BDN  2.4.2018)
Wednesday
Oct252017

Financial Institutions . . . In the News

  • Bangor Savings Bank’s acquisition of Granite Bank of New Hampshire was unanimously approved by the boards of directors.  (Central Maine 10.24.2017)
  • Toronto-Dominion Bank (TD Bank) is a top 10 US bank and has plans for future growth.  (Bloomberg 10.23.2017)
  • The Maine Supreme Court ruled in favor of the Defendant in the National Mortgage Association (Fannie Mae) v. Deschaine case opening a path for other cases to be appealed.  (The Free Press  10.12.17)
  • McCrillis & Eldredge Insurance, a subsidiary of Bar Harbor Bankshare, has been sold to Cross Insurance.  (Business Wire 10.11.2017)
  • Camden National Bank offers digital mortgages with help from Blend, a San Francisco cloud-based software company.  (National Mortgage News 9.29.17)
  • Equifax is developing a free, new, user-friendly service to give the consumer control over access to their personal credit data.  (Maine Public 9.28.2017)
  • Equifax’s interim CEO, Mr. Rego Barros, apologizes for security breach.  (Wall Street Journal 9.17.17)
  • Richard Cordray, Director of the Consumer Financial Protection Bureau, plans to strengthen oversight for credit rating agencies.  (BDN  9.28.17)
  • Upgraded ATMs replace four Skowhegan Bank branches beginning January 19, 2018.  (Central Maine 9.25.17)
  • Class action lawsuits by consumers against banks and credit card companies was voted to be repealed by US Senate.  (BDN 10.25.17)
Tuesday
Sep262017

Financial Institutions...In the News

  • Equifax troubles continue as customers were lead to fictitious site.  (Maine Public 9.22.2017)
  • Social Security Numbers are under scrutiny as a way to identify individuals.  (BDN 9.21.2017)
  • Foreclosures in hurricane hit disaster areas remain low.  (DSNews 9/21/17)
  • In months prior to 142 million individual’s personal information hack, Equifax had a “Security Incident” with a payroll-related service.  (Maine Public 9.20.17)
  • The Federal Reserve is steering the country towards an economic downfall.  (The Hill  9/18/17)
  • Equifax knew of hacks months before disclosing exposure to public.  (The Hill  9.18.2017)
  • Kennebunk Savings Bank enforces its no discrimination policy and lets go a high-ranking official of the bank.  (PPH 9.18.2017)
  • Chief Financial Officer David Webb and Chief Security Officer Susan Mauldin retire immediately following Equifax breaches.  (BDN 9.16.2017)
  • Chatbot assists individuals in suing Equifax over the data breach.  (Central Maine 9.14.2017)
  • The Federal Trade Commission (FTC) opens an investigation into the Equifax breaches.  (Central Maine 10.14.2017)
  • National Credit Union Administration (NCUA) approves merger of Acadia and EMMC credit unions.  (Mainebiz.biz 9.12.2017)
  • Maine’s Bureau of Consumer Credit Protection give advice on Equifax data breach.  (Mainebiz.biz 9.11.2017)
  • The Securities and Exchange Commission (SEC) investigates Equifax executive officials’ stocks sold before breach was made public.  (The Hill 9.12.2017)
  • Equifax’s website may prevent individuals from suing company.  (BDN  9.8.2018)