PROVIDENCE, R.I. – Continuing his commitment to bring a steady hand to public finances throughout the state, Rhode Island General Treasurer Seth Magaziner today announced the "Healthy Local Pensions (HELP)" proposal, which will help cities and towns with locally administered pension systems...
PROVIDENCE, R.I. – Rhode Island's pension fund earned $128 million in investment gains in February 2017 bringing its 12-month investment earnings over the $1 billion mark, General Treasurer Seth Magaziner announced at today's meeting of the State Investment Commission.
"Delivering long-term...
General Treasurer Seth Magaziner and House Majority Leader K. Joseph Shekarchi (D-Warwick) are seeking to expand Rhode Island's Crime Victim Compensation Program (CVCP) to include support for minors who witness homicides or domestic violence.
"In our state, it is estimated that children are...
General Treasurer Seth Magaziner today released Rhode Island Treasury's 2016 Annual Report, which contains highlights from the past year, including more than $500 million in investment gains, the Treasurer's new 'Back to Basics' investment strategy, turnaround of the state's CollegeBound program,...
Rhode Island's pension fund earned $117 million in investment gains in January 2017, General Treasurer Seth Magaziner announced at today's meeting of the State Investment Commission.
"As we implement our 'Back to Basics' investment strategy, the pension fund is delivering for Rhode Islanders,"...
Rhode Island General Treasurer Seth Magaziner today hosted representatives from Rhode Island's small business community, local banks, and credit unions to announce "Bank Local" a community deposit program, moving millions of dollars in state deposits to local banks and credit unions to encourage...
Rhode Island General Treasurer Seth Magaziner today will meet with Timothy J. Sloan, CEO of Wells Fargo to demand answers following revelations that thousands of Wells Fargo employees illegally opened accounts for bank customers without their permission, charging additional fees to customers and...
The state's pension fund earned more than $530 million in investment gains in 2016, the most in the past three years, General Treasurer Seth Magaziner told members of the State Investment Commission at their monthly meeting this morning.
The state's 7.4% net return beat its internal benchmark...
Amid growing concerns over what the Consumer Financial Protection Bureau (CFPB) described as "systemically and illegally failing borrowers at every stage of repayment" Navient Corp., the nation's largest student loan servicer, is seeking to block a shareholder proposal - filed by Rhode Island...
The Consumer Financial Protection Bureau (CFPB) today announced that it is suing Navient Corporation –the nation's largest servicer of student loans– for "systematically and illegally failing borrowers at every stage of repayment."
"If these allegations are true, Navient's behavior is as...
