Tag: Banking And Finance
Would 50-year mortgages ease affordability crisis?
The Trump administration has floated the idea of a 50-year mortgage as a way to make homes more affordable at a time of skyrocketing...
Citizens CEO to Chamber: ‘In moments like this, you don’t pull...
PROVIDENCE – Citizens Financial Group Inc. CEO and Chairman Bruce Van Saun told Rhode Island business leaders that companies prepared to invest in talent...
Gen Z banks differently; can credit unions keep up?
Gen Z is poised to become the most powerful force in consumer finance in the coming years, but credit unions risk missing out if...
As crypto ATM scams grow, R.I. moves to prevent them
These aren’t your parents’ ATMs – they’re a new tool increasingly exploited by scammers.
Similar in appearance to traditional ATMs found in convenience stores, laundromats...
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...
Grants, not loans, coming to aid businesses hurt by Washington Bridge...
In areas hardest hit by the Washington Bridge closure, many business owners have implored officials that it’s going to take more than a loan...
SBA’s new pilot program a potential line of credit
Today, the average annual percentage rate on a new small-business credit card is 17.82%, but that hasn’t stopped roughly 25% of businesses from using...
URI hoping to close state’s fintech gap with cross-border alliance
In the relatively nascent sphere of financial technology, Rhode Island – echoing its relationship to the biotech industry – hasn’t caught up with neighboring...
Fear grows about reduced ability to access capital
When Bacary Diatta moved from Senegal to the United States in 2018, he knew he wanted to start a business that would add value...
Citizens looks to capitalize on its new private bank
When San Francisco-based First Republic Bank imploded last spring and its financial assets were sold to JPMorgan Chase & Co., Citizens Financial Group Inc....
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