Tag: American Bankers Association
BankFive reports asset growth, higher profit year over year in 2025
FALL RIVER – Fall River Five Cents Savings Bank reported asset growth and higher earnings in 2025 during its 170th annual meeting, pointing to...
Banks, airlines wary of credit card interest cap
When President Donald Trump announced earlier this year that he planned to order credit card companies to cap the annual percentage rate at 10%...
For ‘unbanked,’ ending tax refund checks presents big problem
More than 6 million Americans receive paper tax refund checks annually. Often, those refunds go to purchase groceries or pay the bills. But this...
Tangen receives Sandra J. Pattie Award from New England Women in...
FALL RIVER – Anne Tangen, the CEO and president of Fall River Five Cents Savings Bank, also known as BankFive, was honored with the...
BankFive CEO elected to American Bankers Association board of directors
FALL RIVER – Anne P. Tangen, CEO and president of Fall River Five Cents Savings Bank, which is also known as BankFive, was elected to...
Credit card legislation has banks up in arms
A legislative move to increase competition in the credit card payment network – dominated by Visa Inc. and Mastercard Inc. – is facing severe...
Bankers fight to overturn rule on overdraft fees
A proposed banking regulation that one federal agency says will save Americans $5 billion a year in overdraft fees is facing strong opposition from...
FDIC-insured banks report net income of $71.5B in 2nd quarter
PROVIDENCE – Reports from 4,539 commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. show that those banks had a combined...
Pot regulation proposal leaves banking problem
The Biden administration’s move to reclassify marijuana as a less-dangerous controlled drug was hailed as a monumental step in reshaping national policy. But it...
R.I. Bankers Association, other banking groups object to proposal to reduce...
PROVIDENCE – The Rhode Island Bankers Association joined 51 other U.S. bankers associations and the American Bankers Association in signing a letter to the...
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