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TALKING IT OUT: Sean Daly, center, People’s Credit Union CEO and president, meets with members of his staff at the credit union’s headquarters in Middletown. With Daly is Denise Cole, left, and Cassandra Camara. People’s is among the Rhode Island credit unions that have seen a drop in yearly net income in 2023 and 2024 because of the interest rate environment.  PBN PHOTO/DAVID HANSEN

A TIGHT SQUEEZE: R.I. credit unions trying to shake off drastic...

Cover Story 02/14/2025

It’s times like these that Kathleen C. Orovitz is probably glad she runs a credit union instead of a bank. She’s the CEO and president...

Former Navy officer sentenced for selling stolen military gear

Government 11/22/2024

PROVIDENCE – A former U.S. Navy officer has been sentenced to 18 months in federal prison for orchestrating a conspiracy to sell stolen American...

TWO RHODE ISLAND men have been arrested and accused of leading an organized retail theft crime ring that targeted retailers nationwide. / COURTESY U.S. DISTRICT COURT

2 R.I. men arrested in multimillion-dollar retail theft crime ring probe

Government 09/16/2024

PROVIDENCE – Two Rhode Island men have been arrested and charged with taking part in an organized retail theft crime ring that targeted retailers...

WORTH IT? Lisa Roth Blackman, chief philanthropy officer at Rhode Island Community Food Bank, says the nonprofit had hoped that cryptocurrency might be a useful way for some to make donations, but it hasn’t worked out that way. PBN PHOTO/MICHAEL SALERNO

Crypto hasn’t lived up to promise for R.I. nonprofits

Economy 03/29/2024

In 2022, the Rhode Island Community Food Bank announced it would start accepting donations of cryptocurrency, joining a small group of local nonprofits seeking...

WHEN R.I. COMMERCE Secretary Elizbeth M. Tanner was director of the R.I. Department of Business Regulation, she was a strong advocate for blockchain technology, which she preferred to call "distributed ledger" technology. PBN FILE PHOTO/MICHAEL SALERNO

X Corp. licensing in R.I. part of a bigger tech push?

Economy 09/08/2023

The "currency transmitter" license that Rhode Island recently issued to the company formerly known as Twitter Inc. is a common authorization in business dealings,...

Billions stored on digital payment apps may be unprotected, CFPB warns

Financial Services 06/12/2023

WASHINGTON – The Consumer Financial Protection Bureau has published a consumer advisory on digital payment apps heavily used by consumers and businesses. A CFPB analysis...

Fraud, scam cases increasing on Zelle, Senate report finds

Economic Activity 10/03/2022

NEW YORK (AP) – Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report...

RHODE ISLAND FOUNDATION CEO and President Neil D. Steinberg has had 'very preliminary' talks with local leaders about saving the Industrial Trust Co. building, also known as the 'Superman' building, according to The Boston Globe. / PBN FILE PHOTO/CHRIS BERGENHEIM

Globe: R.I. Foundation head had ‘preliminary’ talks about saving Superman building

Economic Activity 02/06/2020

PROVIDENCE – Discussions about potentially saving Rhode Island’s tallest – and currently vacant – skyscraper have surfaced once again. Rhode Island Foundation CEO and President...