banking
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PublishedSeptember 19, 2024
Walmart plans instant bank payments, cutting out card networks
Customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases.
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PublishedJuly 19, 2024
Treasury warns that anti-‘woke’ banking laws like Florida’s are national security risk
Conservatives have sought to block environmental and socially conscious standards for investing, arguing that such initiatives can lead to unfair discrimination.
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PublishedMay 13, 2024
Bankers notch win in fight to keep billions in credit-card fees
A ruling made last week is on hold as the U.S. Supreme Court considers a broad challenge to the Consumer Financial Protection Bureau's funding.
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PublishedJanuary 16, 2024
Banks prepare to fight proposed curbs on overdraft fees
While banks have drastically cut back on overdraft fees in the past decade, the nation's biggest banks still take in roughly $8 billion in overdraft fees every year.
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PublishedNovember 29, 2023
Conservative Supreme Court seems open to an attack on the Securities and Exchange Commission
The case is just one of several this term in which conservative and business interests are urging the court to constrict federal regulators.
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PublishedOctober 17, 2023
Maine to receive $30,000 from mortgage processing snafu
ACI Payments mistakenly withdrew billons of dollars from mortgage holders during a software test.
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PublishedOctober 4, 2023
Climate demonstrators call for L.L. Bean to discourage fossil fuel investment
Demonstrators have been stationed outside the Freeport flagship retail store for weeks, calling for the company to discourage Citibank from investing in new fossil fuel infrastructure or to divest entirely.
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PublishedAugust 6, 2023
Cannabis businesses boom in Maine, but access to banking’s a bust
The state's industry is maturing and could bring in revenue of nearly $200 million this year. But even now, many companies are forced to operate on a cash-only basis.
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PublishedAugust 3, 2023
Bank offers first Islamic mortgages based in Maine
The program is viewed as a watershed initiative for Maine's immigrant community.
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PublishedMarch 28, 2023
Bank rules under review in wake of SVB failure, Fed official tells senators
The Federal Reserve is considering whether stronger bank rules are needed to prevent a similar bank failure in the future.
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