Banks, Cores Increasingly at Odds Over Service
Banks are becoming less and less satisfied with the vendors providing their core banking technology even after four years of work by industry leaders to bridge gaps in how each side sees the other.
In Washington, Officials Test Housing Strategy Rejected by NH Lawmakers
New Hampshire House Bill 44 would have allowed any single-family homeowner connected to municipal sewer and water lines to apply to split their home into a maximum of four distinct housing units.
Farewell Refis, Hello HELOCs
Rising interest rates are changing the residential lending landscape for banks and credit unions across New Hampshire, tanking the number of mortgage refinancings – and causing a spike in home-equity lending and lines of credit.
Banks Face Talent Development Struggles
Staffing remains a key priority for community banks and credit unions heading into 2023, and the industry’s ongoing digital transformation and economic uncertainties have started to change how financial institutions look at staffing needs, according to industry experts.
FedNow to Launch in July
The Federal Reserve said in a statement that the certification process for institutions will begin in the first week of April.read more
Report Shows Wide Divergence Between Local, Sun Belt Housing Production
A new report from Apartment List researchers shows the dramatic disparity between housing production in Southeastern New Hampshire and Greater Boston and other parts of the country often touted as the region’s chief competition for residents and talent.read more
Remodeling ROI Not Always Great
But Different Housing Markets Value Different Remodels Moreread more
Bond Portfolios Could Complicate Local Banks’ Finances
Amid rapid deposit growth, particularly during the first two years of the pandemic, banks of a variety of sizes chose to invest some of that cash in bonds, a move that would end up leading to Silicon Valley Bank’s decline.read more
CFPB Touts NSF Fee Wins vs. Banks
Some banks that charged multiple nonsufficient funds fees on a single item plan to refund the fees to consumers, and most of these institutions supervised by the Consumer Financial Protection Bureau have decided to eliminate nonsufficient funds fees altogether, the CFPB said in a statement this month. The CFPB released the statement to announce a […]read more