Saturday, April 1, 2023

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Is my money safe? What you need to know about bank...

NEW YORK (AP) – The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about...
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...

State can help fill PPP gaps

The latest round of Paycheck Protection Program funding has not generated the same frenzy and confusion for local banks or borrowers as occurred last...

FDIC: R.I. banks and credit unions outperform national counterparts on key...

PROVIDENCE – Banks and credit unions continue to report major losses through the second quarter, although Rhode Island fares better than its national counterparts...

Government contractors face special challenges

While some industries grapple with slowdowns, many government contractors in Rhode Island and elsewhere have geared up during the pandemic. From military and intelligence...
RENOVATED HOME: Homeowner Carlos Reyes, left, is pictured with Providence Mayor Jorge O. Elorza and Smith Hill Community Development Corp. Executive Director Jean Lamb in front of his home at 120 Camden Ave. during ceremonies to celebrate homeowners moving into houses renovated under the city’s EveryHome program.
 / COURTESY CITY OF PROVIDENCE

One answer to blight

During a panel discussion in Providence following a screening earlier this month of a documentary featuring a family left homeless after an eviction, Mayor...

Bank stress tests are too easy

Stress tests for the country’s largest banks have never been as tough as they need to be. For one, they don’t capture important second-round...

Stopping rising inequality

Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession...

Managing new subprime boom

After the subprime-mortgage mania of the 2000s ended in a global disaster, the U.S. government took steps to improve the way it manages the...

R.I. banks and credit unions fare well in latest BauerFinancial...

PROVIDENCE – Nearly all banks and credit unions operating in the Rhode Island consumer market received 4 or 5 stars – the two highest...
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