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
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Baltimore filed a potential class action lawsuit in New York Monday against a group of banks the city says conspired to fix interest rates of variable rate demand obligations, or VRDOs. The complaint, filed in U.S. District Court for the ...
Tagged with: Baltimore City law department Banking class action municipal government
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Small and community banks can use technology to their advantage as they compete with each other and larger banks.
Tagged with: Banking hamilton bank Old Line Bank
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The parent company of Howard Bank has received all of the required regulatory approvals needed to finalize its acquisition of 1st Mariner Bank.
Tagged with: 1st Mariner Bank Baltimore Banking ellicott city howard bank Howard County
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The results of the 2016 presidential election ushered in a period of uncertainty as to what a Donald Trump administration will mean for the country. For the financial services sector, however, Trump’s election opened a door to potential regulatory relief. ...
Tagged with: 2016 election Banking Donald Trump howard bank maryland bankers association
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From the changing role of bank branches to tighter profit margins, banks face numerous challenges in today’s market. Laura Gamble, Maryland regional president of PNC Financial Services Group Inc., talked to The Daily Record about how the bank, one of ...
Tagged with: Banking PNC Financial Services Group Inc.
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An independent review of Wells Fargo credit card and deposit accounts has determined that more than 15,000 accounts in Maryland may have been unauthorized, a practice found among Wells Fargo accounts across the country and one that has put the third-largest ...
Tagged with: Banking CFPB wells fargo
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With state regulators next week revealing the recipients of the first round of licenses for growing and processing medical marijuana, one big question remains: Where does the money go? The federal government is still at odds with the 25 states and the ...
Tagged with: Banking marijuana
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As Maryland develops it medical marijuana licensing program, one problem persists. Businesses that sell marijuana complain that they have no place to secure their money. A recent Senate committee vote took a step toward addressing those concerns. In a 16-14 ...
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