Maine lawmakers consider bill to make banking easier for the cannabis industry

Since cannabis is still illegal under federal law, the lucrative industry has struggled with limited access to loans and other bank services.

Cash App parent company agrees to $80M settlement

Maine regulators were among agencies in 7 states leading the enforcement effort, which included 48 state agencies altogether.

The White House is cracking down on overdraft fees

The Consumer Financial Protection Bureau said Thursday it's capping overdraft fees at $5 with a rule set to take effect in October 2025, if it isn't overturned by Congress or altered under a Trump administration.

Walmart plans instant bank payments, cutting out card networks

Customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases.

Treasury warns that anti-‘woke’ banking laws like Florida’s are national security risk

Conservatives have sought to block environmental and socially conscious standards for investing, arguing that such initiatives can lead to unfair discrimination.

Bankers notch win in fight to keep billions in credit-card fees

A ruling made last week is on hold as the U.S. Supreme Court considers a broad challenge to the Consumer Financial Protection Bureau's funding.

Kennebec Savings Bank announces hire of Aline Taylor

Banks prepare to fight proposed curbs on overdraft fees

While banks have drastically cut back on overdraft fees in the past decade, the nation's biggest banks still take in roughly $8 billion in overdraft fees every year.

Conservative Supreme Court seems open to an attack on the Securities and Exchange Commission

The case is just one of several this term in which conservative and business interests are urging the court to constrict federal regulators.

Franklin Savings Bank promotes Beckie Bowering to assistant vice president, cash management officer