new york

New York banking regulator orders emergency relief on mortgages, card fees


The regulation issued late on Tuesday directs state-regulated financial institutions to give mortgage borrowers at least 90 days of forbearance if they can show financial hardship resulting from the coronavirus pandemic. It also requires banks and credit unions to provide relief on ATM fees and credit card late payment fees.


Provident in N.J. to surpass $10B in assets with SB One acquisition


The company will enter an affluent New Jersey county and a key New York market with the $209 million deal.


State privacy bills try to cut banks a break, but not completely


Recent proposals considered or passed by legislatures around the country grant banks certain exemptions, but they differ from state to state and may pose new compliance headaches.


'How can I survive?': Cabbies slam NCUA's medallion loan sale


The credit union regulator's portfolio sale dashed the hopes of a group of New York taxi drivers looking for relief.


Three executive defections, one angry investor at New York bank


Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.


NBT in New York buying employee benefits firm


The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants.


Sterling in N.Y. taps insider as its new bank president


Luis Massiani has been the company's chief financial officer since 2012.


Food delivery apps to blame for stressed restaurant loans: BankUnited


As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh.


New York City moves to ban cashless stores


The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.


Signature chief expects stable margins, volatile provisions in 2020


While the New York bank has a handle on deposit pricing, Joseph DePaolo said a new accounting standard will play tricks with how it addresses credit quality.