The biggest threats to the economy could be uncertainty and the unexpected, the president of the Federal Reserve Bank of Richmond told Maryland bankers Friday. Businesses just want to know the rules and that would be the best thing for ...
Tagged with: Economy Federal Reserve Bank of Richmond maryland bankers association
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Maryland financial institutions have mobilized to aid thousands of consumers who have been furloughed by the federal government and will begin missing paychecks this weekend. The partial government shutdown, now in its 18th day, has affected tens of thousands of ...
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Despite increased volatility from the stock market during the past month, economic growth should be expected to continue following a strong 2018, financial leaders and economists said at the Maryland Bankers Association 12th Annual “First Friday” Economic Outlook Forum. While ...
Tagged with: Federal Reserve Bank of Richmond jobs maryland bankers association U.S. economy
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Bankers in Maryland remain watchful of efforts to repeal large portions of Dodd-Frank, the 2010 law created to impose tough regulations on the industry in the wake of the 2008 financial crisis. Earlier this month, the House of Representatives passed the ...
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The college class of 2017 likely graduated last month with more student debt than any class before them. As college costs rise, declining homeownership rates have been named a casualty of the rising student debt. But even when a graduate ...
Tagged with: fannie mae homeownership kathleen murphy maryland bankers association sofi student loan
Read More »Two months after the election and just weeks away from the inauguration of President-elect Donald Trump, bankers are predicting a strong year for the economy, even if they are not sure what the new administration will address upon taking office. At ...
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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. ...
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The average college student in the United States graduates with about $30,000 in student loan debt. In Maryland, the average debt is about $27,700, according to numbers from The Institute for College Access & Success. In an effort to relieve ...
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A new proposal by the Federal Deposit Insurance Corp. to reexamine how it assesses risk for small banks is getting a more favorable response from the Maryland banking community. Last summer, the FDIC, the federal agency that insures deposits in ...
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As the state gears up to get its first medical marijuana dispensaries, like any business these stores are going to need a place to manage and secure their money. As federal regulations stand, marijuana is classified as a Schedule I ...
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