New York

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.

Rep. Gregory Meeks is unhappy with the National Credit Union Administration's recent sale of more than 4,000 taxi medallion loans to a hedge fund.

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

The credit union regulator had amassed the loans following the liquidation of several New York-area credit unions with high concentrations of taxi medallion loans.

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

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

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

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.

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

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.