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Providence, US
Wednesday, May 23, 2018

Financial Services

United Way honors Capital Good Fund with 2-1-1 Innovation Award

ANDY POSNER is the founder of Capital Good Fund, a Providence-based social change organization that uses financial services to address America’s poverty problems. The...

Housing finance still broken

Regulators have done a lot to reform the financial system since the 2008 crisis, but they still haven’t fixed the market where the trouble...
A NEW RESEARCH report by the Property Casualty Insurers Association of America claims that bills now before the state House and Senate could raise Rhode Island auto insurance rates to the highest in the nation by banning the use of high-quality aftermarket parts for collision repairs.

Bills on auto parts could raise car repair costs, insurance rates,...

PROVIDENCE – A new research report by an insurance group claims that bills now before the state House and Senate could raise Rhode Island...
BRENDAN COUGHLIN is president of Consumer Deposits and Lending at Citizens Bank with responsibility for consumer deposits, payments and lending businesses. / COURTESY CITIZENS BANK

Five Questions With: Brendan Coughlin

Brendan Coughlin is president of Consumer Deposits and Lending at Citizens Bank with responsibility for consumer deposits, payments and lending businesses. Product lines include...
FEWER THAN HALF of small-business owners – 37 percent – believe they have enough insurance to protect them, according to a 2018 Small Business Risk Report produced by Forbes Insights and The Hanover Insurance Group. / COURTESY THE HANOVER GROUP

Report: Fewer than half of small-biz owners keep tabs on insurance...

PROVIDENCE – Small-business owners are concerned about risks such as cyberattacks, crime exposure and various types of liability, but fewer than half of them...
HIGH SCHOOL STUDENTS participate in a financial literacy fair to better understand the importance of living on a budget. Westerly Community Credit Union will sponsor the CU4Reality Financial Literacy Fair for Narragansett High School students on May 17. / COURTESY WESTERLY COMMUNITY CREDIT UNION

High school students practice real-life decision-making on careers, finances

NARRAGANSETT – Narragansett High School students will practice making choices among careers and understanding the financial consequences of their choices during the CU4Reality Financial...
JUNIOR ACHIEVEMENT VOLUNTEERS deliver programs to high school students. / COURTESY JUNIOR ACHIEVEMENT

Survey: Cost of college unclear, out of reach for many college-bound...

WARWICK – Many college freshmen and high school students on the threshold of college are unprepared to manage and pay for the cost of...
BAYSTATE FINANCIAL raised $35,000 to donate to organizations that help children through its fifth annual charity hockey game against the Boston Bruins Alumni team, pictured above with members of the Baystate Financial All-Stars team. / COURTESY BOSTON BRUINS

Finance whizzes battle Bruins alumni on ice to raise money for...

PROVIDENCE – Baystate Financial raised $35,000 to donate to organizations that help children through its fifth annual charity hockey game held on April 28...
FINANCIAL SERVICES FIRM LPL Financial has agreed to pay a settlement of $26 million for illegally selling unregistered, nonexempt securities since October 2016. The company reached the settlement April 30 with Massachusetts and Alabama, which were lead investigators in the matter, and the North American Securities Administrators Association.

Firm reaches settlement, buy-back plan for illegal sale of securities

PROVIDENCE – The financial services firm LPL Financial LLC has agreed to pay a settlement of $26 million for illegally selling unregistered, nonexempt securities...
FIDELITY INVESTMENTS has been said to have fired about 200 employees who were accused of abusing company benefits. / BLOOMBERG FILE PHOTO/ JB REED

Fidelity is said to fire about 200 workers for abusing benefit

NEW YORK - Fidelity Investments has fired about 200 employees who were accused of abusing company benefits, according to a person familiar with the matter.Fidelity...
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