Legislators say they want to clear an obstacle to U.S. prosperity: burdensome regulation of the community banks on which much of small-town America relies. It’s a worthy goal, but Congress isn’t pursuing it the right way.
Webster Financial Corp. on Thursday announced its first-quarter earnings, recording a year-over-year net income decline of 1.4 percent, attributable – in part – to an increase in expenses and a tax rate hike, according to the company.
Westerly Community Credit Union on Tuesday proclaimed 2014 a “successful year,” recording a 29.3 percent increase in net income for 2014, which it attributes largely to a new credit card program and an uptick in membership.
Citizens Financial Group Inc. this month announced the launch of its new “Student Loan for Parents” program, which the bank said will offer parents a less expensive alternative to federal loans to pay for college.