United States federal banking legislation

Fidelity D & D Bancorp, Inc. Announces Retirement of Director Mary E. McDonald

Retrieved on: 
Friday, September 3, 2021

DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announces the retirement of Mary E. McDonald, Assistant Secretary, as a Director effective today.

Key Points: 
  • DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announces the retirement of Mary E. McDonald, Assistant Secretary, as a Director effective today.
  • Ms. McDonald has been a Director of the Company and member of the Banks Board of Directors since 2000.
  • Fidelity Bank President and Chief Executive Officer, Daniel J. Santaniello added, We are grateful to have had the opportunity to work alongside Mary for so long.
  • About Fidelity D & D Bancorp, Inc.
    Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisor to the clients served by The Fidelity Deposit and Discount Bank (Fidelity Bank).

Hodlnaut Announces Tiered Interest Rates, Increases BTC Interest to 7.5% APY

Retrieved on: 
Wednesday, August 4, 2021

SINGAPORE, Aug. 4, 2021 /PRNewswire/ -- Hodlnaut, a crypto interest-earning platform based in Singapore, has just announced its revised interest rates.

Key Points: 
  • SINGAPORE, Aug. 4, 2021 /PRNewswire/ -- Hodlnaut, a crypto interest-earning platform based in Singapore, has just announced its revised interest rates.
  • Previously, Hodlnaut offered an APY of 6.2% for BTC and WBTC, 6.7% for ETH, and 10.5% for USDC, USDT, and DAI.
  • Depending on the tiers, users can now earn up to 7.5% APY on BTC, WBTC, and ETH, up to 12.7% APY on USDC and USDT, and up to 8.3% APY on DAI.
  • The platform now offers up to 12.7% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.

Hodlnaut Announces Tiered Interest Rates, Increases BTC Interest to 7.5% APY

Retrieved on: 
Wednesday, August 4, 2021

SINGAPORE, Aug. 4, 2021 /PRNewswire/ -- Hodlnaut, a crypto interest-earning platform based in Singapore, has just announced its revised interest rates.

Key Points: 
  • SINGAPORE, Aug. 4, 2021 /PRNewswire/ -- Hodlnaut, a crypto interest-earning platform based in Singapore, has just announced its revised interest rates.
  • Previously, Hodlnaut offered an APY of 6.2% for BTC and WBTC, 6.7% for ETH, and 10.5% for USDC, USDT, and DAI.
  • Depending on the tiers, users can now earn up to 7.5% APY on BTC, WBTC, and ETH, up to 12.7% APY on USDC and USDT, and up to 8.3% APY on DAI.
  • The platform now offers up to 12.7% APY on six supported crypto assets: BTC, WBTC, ETH, DAI, USDC, and USDT.

HarborOne Bank Earns Highest Possible Rating for Community Service, Lending, Investment

Retrieved on: 
Tuesday, August 3, 2021

HarborOne Bancorp, Inc. (the Company) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that for the second consecutive Community Investment Act (CRA) review, HarborOne Bank has earned an Outstanding rating by the Federal Deposit Insurance Corporation (FDIC).

Key Points: 
  • HarborOne Bancorp, Inc. (the Company) (NASDAQ: HONE), the holding company of HarborOne Bank, today announced that for the second consecutive Community Investment Act (CRA) review, HarborOne Bank has earned an Outstanding rating by the Federal Deposit Insurance Corporation (FDIC).
  • The Outstanding rating for the bank is a testament to the men and women who work for HarborOne and year after year put their customers, and their community, first, said James Blake, CEO of HarborOne.
  • According to the FDIC data, less than 10 percent of all banks nationally receive an Outstanding CRA rating, and even fewer receive Outstanding ratings on all three components (Community Service, Lending, and Investment) of the Community Reinvestment Act review.
  • The CRA evaluation also praised HarborOne for community development loans spurring affordable housing construction, small business loans that drove job creation, and the banks leadership in financial education and community outreach.

CoreLogic Taps Paradatec's Technology for HMDA Reporting Tool

Retrieved on: 
Friday, July 30, 2021

During the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) gave lenders a break from reporting HMDA data so they could manage the shift to remote work.

Key Points: 
  • During the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) gave lenders a break from reporting HMDA data so they could manage the shift to remote work.
  • CoreLogic HMDA Check leverages Paradatec's optical character recognition (OCR) data extraction technology to help automate HMDA reporting while enabling lenders to increase efficiency, improve data accuracy and reduce costs.
  • CoreLogic HMDA Check is a great way to prepare and submit HMDA data quickly and cost-effectively."
  • "CoreLogic HMDA Check is helping to eliminate costly 'stare-and-compare' manual processes, allowing lenders to expedite the loan review process and better ensure HMDA compliance," said Ryan Thomas, principal at CoreLogic.

State Street Announces Resolution Plan for 2021

Retrieved on: 
Tuesday, July 27, 2021

State Street Corporation (NYSE:STT) today announced that it has filed its 2021 resolution plan.

Key Points: 
  • State Street Corporation (NYSE:STT) today announced that it has filed its 2021 resolution plan.
  • State Street, along with other banking institutions, periodically prepares and files its resolution plan, commonly referred to as a living will, with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation.
  • The resolution plan details State Streets efforts to enhance resolvability across its business in line with applicable rules and guidance.
  • The Public Section of State Streets resolution plan can be found in the Investor Relations section of its website, at http://investors.statestreet.com/ .

Financial Compliance Expert Melissa Hammer Joins RiskExec Team

Retrieved on: 
Wednesday, July 14, 2021

WASHINGTON, July 14, 2021 /PRNewswire/ --Asurity is delighted to announce Melissa Hammer has joined its expanding leadership team as Senior Vice President, Fair Lending Product Management for RiskExec , Inc. (RiskExec), an Asurity subsidiary.

Key Points: 
  • WASHINGTON, July 14, 2021 /PRNewswire/ --Asurity is delighted to announce Melissa Hammer has joined its expanding leadership team as Senior Vice President, Fair Lending Product Management for RiskExec , Inc. (RiskExec), an Asurity subsidiary.
  • RiskExec is the industry-leading SaaS solution for Fair Lending, Home Mortgage Disclosure Act (HMDA), and Community Reinvestment Act (CRA) compliance in financial services.
  • Melissa brings to RiskExec over 20 years of broad financial industry risk and compliance expertise.
  • "The addition of Melissa to our RiskExec team will advance the ongoing development and expansion of our existing product suite, further accelerating RiskExec's rapid growth," says Dr. Anurag Agarwal, President of RiskExec.

Hodlnaut Adds Support for Wrapped Bitcoin (WBTC)

Retrieved on: 
Tuesday, July 6, 2021

SINGAPORE, July 6, 2021 /PRNewswire/ -- Hodlnaut is proud to announce the support for WBTC on its leading yield-generating platform.

Key Points: 
  • SINGAPORE, July 6, 2021 /PRNewswire/ -- Hodlnaut is proud to announce the support for WBTC on its leading yield-generating platform.
  • Hodlnaut now enables its users to earn interest rates of 6.0% APR/ 6.2% APY on WBTC.
  • By adding support for WBTC, Hodlnaut looks to provide its interest earning product to WBTC's $6.7B market capitalization .
  • Founded by Bitcoin maximalists Junato Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years.

Hodlnaut Adds Support for Wrapped Bitcoin (WBTC)

Retrieved on: 
Monday, July 5, 2021

SINGAPORE, July 5, 2021 /PRNewswire/ -- Hodlnaut is proud to announce the support for WBTC on its leading yield-generating platform.

Key Points: 
  • SINGAPORE, July 5, 2021 /PRNewswire/ -- Hodlnaut is proud to announce the support for WBTC on its leading yield-generating platform.
  • Hodlnaut now enables its users to earn interest rates of 6.0% APR/ 6.2% APY on WBTC.
  • By adding support for WBTC, Hodlnaut looks to provide its interest earning product to WBTC's $6.7B market capitalization .
  • Founded by Bitcoin maximalists Junato Zhu and Simon Lee in April 2019, Hodlnaut has grown tremendously over the years.

McDonald Hopkins welcomes Kate A. Jarrett to Litigation Department and Data Privacy and Cybersecurity Team

Retrieved on: 
Thursday, July 1, 2021

DETROIT, July 1, 2021 /PRNewswire/ -- Kate A. Jarrett has joined McDonald Hopkins LLC in Detroit as an associate in the Litigation Department, adding her experience to the firm's national Data Privacy and Cybersecurity Practice Group.

Key Points: 
  • DETROIT, July 1, 2021 /PRNewswire/ -- Kate A. Jarrett has joined McDonald Hopkins LLC in Detroit as an associate in the Litigation Department, adding her experience to the firm's national Data Privacy and Cybersecurity Practice Group.
  • Jarrett has experience advising and coaching a variety of businesses, such as health systems, professional service firms, and educational institutions, on data privacy and cybersecurity matters, including responding to government inquiries and investigations, and obligations with respect to state data privacy laws, HIPAA, GLBA, FERPA and state insurance departments.
  • Additionally, she has experience assisting clients with data privacy and cybersecurity litigation and cybersecurity class actions.
  • Founded in 1930, McDonald Hopkins is a business advisory and advocacy law firm with locations in Chicago, Cleveland, Columbus, Detroit, and West Palm Beach.