banks
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PublishedMarch 5, 2024
New Biden rule would cap credit card late fees at $8
The rule would bring the average credit card late fee down from $32. Regulators estimate banks brought in roughly $14 billion in credit card late fees a year.
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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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PublishedJune 20, 2023
Bank mergers face fresh antitrust heat at Justice Department
As part of the revamp to bank merger reviews, officials will look at fees, interest rates, branch locations, product variety and customer service.
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PublishedApril 11, 2023
Small business owners feel the credit crunch
Small businesses are seeing the already-tough process of getting business loans get even tougher because of a variety of factors.
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PublishedMarch 29, 2023
Maine Voices: How older Mainers can take action on climate change
To those elders who feel a responsibility to future generations, there are lifestyle changes that can help, but there is something more significant: what you do with your money.
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PublishedMarch 26, 2023
Commentary: Banks must be forced to keep their word on climate change
We have to sustain pressure on the major banks that continue to finance fossil fuel production – and maintain Maine’s focus on the climate crisis.
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PublishedMarch 19, 2023
Banking giant UBS to buy Credit Suisse for $3.2 billion to rein in turmoil
The combination of the two biggest and best-known Swiss banks amounts to a thunderclap for Switzerland’s reputation as a global financial center.
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PublishedMarch 17, 2023
Biden calls for tougher penalties for failed bank execs
Biden wants the Federal Deposit Insurance Corporation to be able to force the return of compensation paid to executives at a broader range of banks should they fail.
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PublishedMarch 16, 2023
Wall Street banks will put $30 billion into beleaguered First Republic
Treasury Secretary Janet L. Yellen, meanwhile, defended Washington’s response to Silicon Valley Bank’s collapse last week.