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CASH-ONLY CROP: Some of the products for sale at the cannabis retail store called Mother Earth Wellness in Pawtucket. Despite the Biden administration’s move to recategorize cannabis as a less-dangerous controlled drug on the federal level, it won’t do much to persuade banks to enter the sector. 
PBN FILE PHOTO/MICHAEL SALERNO

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...

BayCoast Bank’s Brouthers receives Emerging Leader Award from ABA

SWANSEA – Casey Brouthers, vice president, associate general counsel for BayCoast Bank, has received the 2023 Emerging Leader Award from the American Bankers Association,...

Fernandez wins ABA Foundation’s George Bailey Distinguished Service Award

PROVIDENCE – Paola Fernandez, senior vice president of community development for Centreville Bank, has been named the winner of the ABA Foundation’s 2023 George...

Yellen says bank situation stabilizing, different from 2008

WASHINGTON (AP) – Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional...
OPEN-
MINDED: 
Brian Azar, CEO and president of Pawtucket-based Coastal1 Credit Union, says a move to “open banking” as proposed by the Consumer Financial Protection Bureau could be good for institutions such as his.
PBN PHOTO/
MICHAEL SALERNO

New proposal could put customers in charge of their financial data

If information is power, then banks and credit unions are in control. That’s because every morsel of customer financial data, from spending patterns to credit...

Webster Bank leader to head American Bankers Council

STAMFORD, Conn. – Webster Financial Corp. CEO and President John Ciulla was recently appointed as the 2022-23 chairperson of the American Bankers Association’s American Bankers...

American Bankers Association leader talks cryptocurrency, cannabis banking at NK Chamber...

NORTH KINGSTOWN - Rob Nichols isn’t focused on inflation. It’s not that he doesn’t think the 40-year-record in inflation rates is a problem - he...
EDWARD O. Handy III is the chairman and CEO of Westerly-based Washington Trust Bancorp Inc., the second largest Rhode Island-based bank. / PBN FILE PHOTO/MICHAEL SALERNO

Banks are optimistic tax reform will benefit the bottom line long-term

The Rhode Island banking community has largely celebrated the sweeping tax overhaul approved by Congress that among other things lowered the corporate tax rate...
AMERICAN BANKERS ASSOCIATION President and CEO Robert Nichols is scheduled as the keynote speaker at the North Kingstown Chamber of Commerce Annual Meeting and Business Excellence Awards Dinner in March. / COURTESY AMERICAN BANKERS ASSOCIATION

American Bankers Association CEO to speak at North Kingstown chamber event

NORTH KINGSTOWN – Robert Nichols, president and CEO of the American Bankers Association, is scheduled as the keynote speaker at the North Kingstown Chamber...
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