Financial Services
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FHLB of Boston announces $30.3M in housing funds
BOSTON – The Federal Home Loan Bank of Boston announced last month that it has awarded $30.3 million to support 48 affordable housing initiatives in the six New England states. more
2/4/13
Wash Trust expansion leads to record profit
Rhode Island’s weak economy and sluggish housing market are not keeping Westerly-based Washington Trust Bancorp Inc. from continuing its momentum of increased earnings, as the parent of The Washington Trust Co. reaped the benefits of its strategic expansion into healthier markets in Massachusetts and Connecticut. more

By Rhonda Miller
PBN Staff Writer | 2/4/13

Payday loans face scrutiny
Modern payday lending was legalized in Rhode Island in 2001 and didn’t cause too much outcry until the recession began adding to the number of local families falling deeper into debt and bankruptcy. more

By Patrick Anderson
PBN Staff Writer | 2/4/13

Report: R.I. lost $229M in taxes in 2012 to offshore tax havens
(Updated, 4:32 p.m.) Rhode Island lost $229 million in tax revenue due to the use of offshore havens in 2012, according to a report released Tuesday by the R.I. Public Interest Research Group. more
| 2/5/13
Mullaney opens N.K., Prov. offices
Mullaney Management & Trust has announced the opening new offices in Providence and North Kingstown, according to a press release. more
Company warns of heightened e-filing threat
Rhode Island taxpayers filing their taxes electronically reap benefits including a quick refund and instant confirmation their tax filing is on time – but there’s a major concern to be aware of with e-filing. more
NAIC: R.I. owners pay highest premiums
The National Association of Insurance Commissioners found that Rhode Island homeowners pay the highest average premium in New England at $1,093, according to The Standard: New England’s Insurance Weekly. more
Coastway opening ‘prototype’ branch
Coastway Community Bank announced the opening of its prototype retail branch on Comstock Parkway in Cranston on Jan. 28, according to a press release from the bank. more
Fidelity earns BOMA recognition
Fidelity Investments’ award for The Outstanding Building of the Year from The Building Owners and Managers Association in Boston is a first for a Rhode Island building since the competition began in 1985, said association spokeswoman Kayla Burmeister. more

By Rhonda Miller
PBN Staff Writer | 2/11/13

Lender Processing reaches agreement in ‘robosigning’ suit
JACKSONVILLE, Fla. – Lender Processing Services Inc. last week reached a multistate settlement to resolve claims of improper foreclosure practices, including the “robosigning” of documents used to repossess homes, Bloomberg News reported. more
2/11/13
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