News Topic: new york
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New York governor names ex-Obama advisor to lead financial regulator
New York regulator resigning after report ties her to Cuomo PR effort
Large credit unions join forces as competitive pressures mount
Citizens building critical mass in New York with Investors deal
BankUnited looks beyond Florida, New York for growth
SEFCU welcomes 1,500 for COVID vaccination clinic
Upstate New York credit union merging into SeaComm FCU
New York regulator offers incentives for climate-friendly loans
The department of financial services will grant credit under the state's community reinvestment law to New York-chartered banks and credit unions that finance projects aimed at helping low-income communities better adapt to a warming world. ... Read full article
N.Y. law requires nonbanks to disclose loan terms to small businesses
The measure, just the second of its kind the nation, mandates that fintechs, factoring firms and other nonbank small-business lenders clearly explain the terms and conditions to borrowers. ... Read full article
New York mutual seeks commercial bank charter
Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities. ... Read full article
Economic fears drive dues reduction at New York Credit Union Association
The league has altered its formula for calculating member dues, a move expected to save credit unions nearly $800,000 next year. ... Read full article
Olean Area FCU makes interim CEO permanent
Richard Yeager's promotion comes at a time of growth for the New York-based institution, including having recently been granted a field-of-membership expansion. ... Read full article
United Nations FCU lines up new leadership
John Lewis, who is currently general counsel for the New York-based credit union, will take over for CEO William Predmore, who is retiring at the end of the year. ... Read full article
New CEO at Lower East Side People’s FCU started as a teller
Aissatou Barry-Fall, a 30-year veteran of the credit union, has been promoted to chief executive. ... Read full article
CAP COM FCU wraps third merger in just over one year
Members of Niagara Mohawk Power Corp. Troy Employees Federal Credit Union recently voted to merge with Albany-based CAP COM. ... Read full article
Why multifamily loans remain resilient in New York
Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized. ... Read full article
How PayPal’s approach to crypto breaks with precedent
PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers. ... Read full article
How a New York bank merger came together during the pandemic
A deal between Dime Community and Bridge Bancorp was delayed, and nearly derailed, by the coronavirus outbreak. Here’s how the two sides kept it on track. ... Read full article
NYC commercial property crisis signals hazards for local banks
Before the pandemic emptied the city, few lenders benefited from the heady local real estate market as much as regional players New York Community Bancorp and Signature Bank. Now they're becoming a case study for potential trouble from a sudden ... Read full article