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More banks are steadily raising and reinstating cash dividends. Bankers say the increases reflect improving confidence with the economy, though some investors contend that higher payouts signal challenges deploying capital.
May 19
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Eleven major mortgage lenders agreed Monday to maintain and monitor vacant properties in the state of New York where the loans are delinquent and the homes are abandoned - otherwise referred to as zombie properties.
May 19 -
Polonia Bancorp in Huntingdon Valley, Pa., has hired Joseph Svetik as its president and chief executive. Svetik recently served as a director of JTNB Bancorp and, before that, had been president and CEO of ESSA Bancorp.
May 19 -
The Consumer Financial Protection Bureau on Tuesday cited PayPal for illegally signing up consumers for online credit, the agency announced.
May 19 -
Isabella Bank in Mt. Pleasant, Mich., has agreed to buy a branch from Independent Bank in Grand Rapids, Mich.
May 19 -
The plan calls for the implementation of two new same-day settlement windows by March 2018. Fees that banks and credit unions will pay each other to cover the cost of the upgrades have been decreased.
May 19 -
It's a good idea to raise the asset threshold at which financial institutions are automatically designated as systemically important financial institutions. But Sen. Richard Shelby's proposed legislation for regulatory relief does require one crucial change.
May 19
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First Capital Holdings in New York has shed three businesses.
May 19 -
Ripple Labs, creator and a developer of the Ripple payment protocol and exchange network, has raised $28 million in series A funding, it announced Tuesday.
May 19 -
The U.S. Supreme Court announced Monday it will take on Campbell-Ewald Co. v. Gomez, where it will be presented with two key issues involving offers of judgment and the TCPA.
May 19
