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FEDERAL CHANGE: Citizens Bank, the state’s largest nationally chartered bank, and other national banks could see some benefit from a new rule issued by federal regulator Office of the Comptroller of the Currency on mortgage escrow accounts. 
COURTESY CITIZENS FINANCIAL GROUP INC.

New federal escrow rule could cloud mortgage market


For thousands of Rhode Island homeowners, the outcome of a legal fight over mortgage escrow accounts could determine whether money they set aside for...
TWO-PRONGED APPROACH: Greg ­Germanowski, vice president and information security officer at Centreville Bank, said when it comes to cybersecurity, the bank relies on external partners for back-end systems and digital platforms, while maintaining internal oversight.
PBN PHOTO/­MICHAEL SALERNO

Cybersecurity more than just a line item for small community banks...

For Rhode Island’s banks, cybersecurity is no longer just a back-office function or a line item on a spreadsheet – it’s core to the...

R.I. tightens mortgage reporting rules as new federal standards take effect

PROVIDENCE – Rhode Island banking regulators are rolling out tougher mortgage reporting requirements beginning in early 2026, requiring lenders and servicers to begin filing...

R.I., other states tell money transfer company to cease activities

CRANSTON – State bank regulators have ordered a California-based money transfer business to stop activities in Rhode Island, citing the company's "declining financial position." Thirty-eight...
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