News Topic: new york

The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions. ... Read full article

Backers of lawsuits challenging federal charter and interest rate policies for nonbanks say states are sticking up for consumer protection. Others say the legal quagmire could slow efforts to improve the regulatory framework. ... Read full article

Members of Sperry Associates FCU will vote on a deal to merge into the nation's third-largest credit union. Both institutions have roots in serving the defense sector. ... Read full article

The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city. ... Read full article

New York’s attorney general is investigating whether President Trump’s company inflated the value of his assets to secure favorable terms for loans, according to court filings. Testimony from his son Eric Trump is being sought as part of the case. ... Read full article

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic. ... Read full article

The Treasury Department has held shares in the Black-run banking company for more than a decade. ... Read full article

In what was a challenging quarter for the industry, the company reported strong loan growth and a wider margin. Continued momentum will depend on government stimulus, the reopening of New York City and borrowers' ability to make payments after their ... Read full article

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers. ... Read full article

Paycheck Protection Program loans were out of reach for the myriad of cash-based enterprises or underfunded businesses that are key to economic growth in the country. This could change the very fabric of New York City, with businesses that were part of ... Read full article

The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending. ... Read full article

The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City. ... Read full article

The Department of Financial Services is going live with DFS FastForward, which aims to help innovators in finance, healthcare and insurance consult directly with regulators on specific compliance issues. ... Read full article

One criticism of the CARES Act is that it provides relief only to borrowers with government-backed loans. Bills in New York and California would cover the remaining 30% of homeowners. ... Read full article

Stu Lubow, who succeeded Kenneth Mahon, gained more responsibilities. Mahon remains Dime's CEO. ... Read full article

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 ... Read full article

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

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. ... Read full article