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NCUA grants third charter of 2023 while Maryland group aims to be next

American Banker

The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.

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City National Bank of Florida's new biz, Orrstown Financial downsizes

American Banker

City National Bank of Florida is starting a national capital markets division, Orrstown Financial will close branches in Pennsylvania and Maryland, JPMorgan Chase announces in-store biometric payments and more in this week's banking news roundup.

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Eagle in Maryland sets table for turnaround

American Banker

The bank faced credit setbacks in the nation's capital and margin pressure this year. But it made a series of new hires to reduce risk and diversify its loan portfolio, preparing for a new era of demand as the industry awaits interest rate cuts.

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Maryland Homeowners Insurance: Average Rates for Coverage

MyBankTracker

Homeowners insurance in Maryland protects your property from damage. Are you shopping for homeowners insurance in Maryland? If so, here are the average rates to expect based on the proper coverage needed for your Maryland home. Average Maryland Homeowners Insurance Rates. How Does Home Insurance in Maryland Work?

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Tech Trade Group Pushes National, Not State Data Privacy Laws

PYMNTS

Dean Garfield of the Information Technology Industry Council — a trade group that represents Google , Microsoft and other tech companies — is calling for faster development of national privacy norms to avoid opposing state rules. Companies will also have a tougher time sharing and/or selling data on children under the age of 16. ”

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JPMorgan Chase creates investment product for Black-owned banks

American Banker

The product — a special class of shares in JPMorgan's Empower money market fund — will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement.

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Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

Suzhou, located in East China's Jiangsu Province, is at the frontlines for China's push to enact a national digital currency. The expansion includes 10 new states: Georgia, Hawaii, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, according to the release. on Friday (Dec.