An M&T Bank program that aims to make banking more accessible in communities with high nonwhite and non-English-speaking populations is expanding to 17 of the bank’s branches across the Greater Baltimore region.  Called “multicultural banking centers,” these 17 locations are ...

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Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.

Tagged with: Bank of America Banking

Capital One said it will get rid of all overdraft fees, the latest bank to do so this year.

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While the COVID-19 pandemic boosted the number of customers taking advantage of online banking, residents who reside in rural, low-income and minority communities across the state continue to struggle with lack of access to legitimate financial services. The problem of ...

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It’s no secret the state’s Latino population is growing, and census figures confirm it: While the mostly white population declined from 55 percent of the population in 2010 to 47 percent in 2020, the Hispanic population rose from 8.2 percent ...

Tagged with: Banking M&T Bank minority communities

The pandemic upended many aspects of Americans’ lives, including financial planning. But financial planners agree: Stay the course and stick to the basics.

Tagged with: Banking financial planning post-COVID

As many small businesses struggled to stay afloat or had to suspend operations due to the COVID-19 pandemic, business owners looked to banks for financial assistance and guidance. Banks themselves were facing many of the challenges businesses faced, with a ...

Tagged with: Banking Maryland business COVID-19

When the COVID-19 pandemic led to business shutdowns, many companies turned toward the Paycheck Protection Program. Over two rounds of payments, the federal government’s small business loan program aimed to help companies with keeping employees on the payroll as well ...

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Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

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Baltimore joined plaintiffs from around the country this week by filing a federal lawsuit in New York alleging a price-fixing conspiracy by banks that purchase and sell debt issued by Fannie Mae and Freddie Mac. The city’s potential class-action suit is ...

Tagged with: Baltimore City law department Banking class action