The parent of Rockland Trust has agreed to a $727 million acquisition of the parent of Blue Hills Bank, making Rockland Trust one of the biggest banks with a Massachusetts headquarters. The deal needs regulatory approval and is expected to close in the first half of next year.
A lawsuit filed by two employees alleges racial and gender discrimination at the Consumer Financial Protection Bureau. The lawsuit is being discussed in the Ohio gubernatorial race, in which former Director Richard Cordray is the Democratic nominee.
President Donald Trump is expected to nominate Nellie Liang, an economist with financial-stability experience, to the Federal Reserve Board of Governors. Before becoming a senior fellow at the Brookings Institution, Liang headed a Fed division that worked on financial-stability policy and research.
The Consumer Financial Protection Bureau will open a satellite office in Atlanta within 15 months as it seeks to cut costs. Some of the agency's analysts and managers who work with southeastern banks will be based in the Atlanta office.
PNC Financial will work with blockchain startup Ripple on international payments. The goal is to make payments to US businesses from overseas faster.
Banks have argued in recent years that student debt is being driven up by federal programs that grant loans without consideration of borrowers' ability to repay. Student loans could be a topic of policy debate if Democrats take control of the House after the November elections.
Hackers injected lines of code on Newegg's payment page and stole credit card data in an attack that ran from Aug. 14 to Tuesday. The company has removed the code and says it is not yet sure how many customers were affected.
Not asking for help when overwhelmed at work greatly increases workplace stress and affects work-life balance, according to a LinkedIn survey. "If you don't ask for help, and you're in an untenable situation, you're going to ultimately find yourself underperforming or finding yourself in a health issue," Stanford lecturer Leah Weiss explains.
Digital fraud is increasing, but bank customers want convenient, digital options that could put them at risk. Ally Bank meets this challenge by giving customers control over security options, says Anand Talwar, deposits and consumer strategy executive.