Regulations & Policy
-
Justin Sullivan via Getty Images
CFPB terminates BofA consent order 3 years early
The bureau was to monitor Bank of America for five years in connection with a $12 million penalty it paid for allegedly failing to collect demographic data on mortgage applicants.
By Gabrielle Saulsbery • June 24, 2025 -
uschools via Getty Images
Fed joins OCC, FDIC in scrubbing reputational risk from exams
The central bank said it would replace references to the metric “with more specific discussions of financial risk.” Banks can still use the concept in their own risk management policies, the Fed said.
By Dan Ennis • June 24, 2025 -
Explore the Trendline➔
wildpixel via Getty Images
TrendlineThe Banking Dive Outlook on 2022
Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.
By Banking Dive staff -
Win McNamee via Getty Images
Trump upholds OCC’s expedited bank merger reviews
The president signed a measure nullifying a 2024 OCC rule that Republican lawmakers aimed to curb through the Congressional Review Act, citing “burdensome standards.”
By Dan Ennis • June 23, 2025 -
Chip Somodevilla via Getty Images
Fed, OCC ban 2 bankers apiece
The bankers are former employees of Ally, Santander, Bank of Hawaii and BOKF. The prohibitions come after the regulators say they found instances of embezzlement and misappropriation of funds.
By Rajashree Chakravarty • June 23, 2025 -
Anna Moneymaker via Getty Images
Senate official blocks CFPB defunding in Trump’s megabill
Measures to defund the CFPB, and to reduce salaries at the Fed, fall outside the limits of reconciliation, Senate parliamentarian Elizabeth MacDonough ruled Thursday.
By Gabrielle Saulsbery • June 23, 2025 -
Scott Olson via Getty Images
Nissan applies for ILC charter from FDIC
The carmaker joins GM, Ford and Edward Jones in awaiting the OK to form industrial banks. The FDIC's acting chair said ILCs could boost creation of new banks. Opponents say the move sidesteps the Fed.
By Dan Ennis • June 23, 2025 -
Retrieved from OCC.
OCC orders ‘troubled’ Carver Bank to switch up strategy
The Black-owned bank must submit, by Sept. 30, a three-year plan including strategic goals, key financial indicators, risk tolerances and realistic strategies to improve its overall condition.
By Gabrielle Saulsbery • June 20, 2025 -
Spencer Platt via Getty Images
Warren, Waters probe NCUA chair on Trump firings
A letter sent Friday follows up on “troubling information” received from the NCUA IG after the April firings of two board members.
By Rajashree Chakravarty • June 20, 2025 -
Just_Super via Getty Images
GENIUS Act puts renewed spotlight on stablecoins, digital assets
The regulatory clarity the measure proposes to bring to the stablecoin space can help ease some of the worries of more conservative entities, such as banks, examining the space, EY’s Paul Brody said.
By Grace Noto • June 18, 2025 -
Kayla Bartkowski via Getty Images
CFPB again delays small-biz data collection rule’s compliance timeline
The bureau in April said it is “assessing” the rule with an eye toward retooling it. The CFPB later said it wouldn’t enforce the measure. And Senate Republicans have sought to push compliance to 2034.
By Dan Ennis • June 18, 2025 -
Permission granted by Synctera
Synctera’s new risk chief doubles down on compliance planning
Fintech Synctera has tapped a former Fed and OCC examiner as CRCO, as the firm pursues growth with a focus on regulatory compliance.
By Rajashree Chakravarty • June 18, 2025 -
Mesut Dogan via Getty Images
Fed, OCC, FDIC target check fraud
Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem, especially with respect to paper checks.
By Lynne Marek • June 17, 2025 -
Kayla Bartkowski via Getty Images
Open banking to survive Trump, fintechs say
Consumers and financial services firms will pursue their mutual interests in sharing personal data, despite a move by the Consumer Financial Protection Bureau to extinguish the trend, industry experts contend.
By Justin Bachman • June 16, 2025 -
Spencer Platt/Getty Images via Getty Images
BNY names CEO Robin Vince as its next chair
With the move, Joe Echevarria will become the bank’s lead independent director. BNY will be the sixth of the eight U.S.-based global SIFIs to consolidate the CEO and board chair roles.
By Dan Ennis • June 16, 2025 -
Mesut Dogan via Getty Images
Arvest banker gets lifetime Fed ban
Christopher Timos stole more than $42,000 from customers over the course of two years, Arvest found.
By Gabrielle Saulsbery • June 13, 2025 -
Anna Moneymaker / Staff via Getty Images
Judge rejects CFPB’s bid to vacate Townstone settlement
If the redlining order against Townstone were to be dismissed, it “would erode public confidence in the finality of judgments,” a judge wrote, calling the CFPB’s reversal “an act of legal hara-kiri that would make a samurai blush.”
By Rajashree Chakravarty • June 13, 2025 -
Courtesy of PNC
Court overturns $218M patent-infringement verdict against PNC
The USAA patents the bank is accused of violating represent “abstract ideas” with no “inventive concept,” a circuit court judge ruled Thursday.
By Dan Ennis • June 13, 2025 -
Justin Sullivan via Getty Images
Judge dismisses case against First Republic execs, auditor
A lawsuit filed in June 2023 claimed that the failed bank’s executives and auditor made misleading statements about the lender’s financial conditions and assets.
By Rajashree Chakravarty • June 12, 2025 -
Kevin Dietsch via Getty Images
Private-equity firms offer olive branch in junior banker recruiting
Apollo and General Atlantic won’t interview or extend offers for roles starting in 2027 to bankers who start training next month. The practice has drawn flak from JPMorgan CEO Jamie Dimon.
By Dan Ennis • June 12, 2025 -
Dan Kitwood via Getty Images
Gemini pursues IPO
A number of cryptocurrency firms have filed for initial public offerings in 2025. More may follow given “pent-up demand for crypto-oriented companies,” according to one crypto VC.
By Gabrielle Saulsbery • June 11, 2025 -
Anna Moneymaker / Staff via Getty Images
CFPB’s top enforcement official resigns
Cara Petersen, the bureau’s principal deputy enforcement director, bemoaned “thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements” in an email Tuesday.
By Dan Ennis • June 11, 2025 -
Dan Kitwood via Getty Images
CFTC nominee Quintenz seeks to leverage crypto expertise
Brian Quintenz, who served as CFTC commissioner from 2017 to 2021, is Andreessen Horowitz’s head of crypto policy initiatives.
By Rajashree Chakravarty • June 10, 2025 -
Permission granted by Office of the Comptroller of the Currency
OCC rejects call to rescind preemption rule
Acting Comptroller Rodney Hood called preemption a “cornerstone of the dual banking system.”
By Gabrielle Saulsbery • June 10, 2025 -
Michael M. Santiago / Staff via Getty Images
Citi offers hybrid employees 2 weeks of remote work in August
The perk stands in contrast to tightening in-office requirements at JPMorgan Chase, BNY, Royal Bank of Canada and, most recently, Scotiabank.
By Dan Ennis • June 10, 2025 -
Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
6 takeaways from Michelle Bowman’s first speech as Fed vice chair
Following her confirmation, Bowman laid out plans to unravel some of the rules put in place since Dodd-Frank to better tailor them to institutions of varying sizes.
By Gabrielle Saulsbery • June 9, 2025
