Regulations & Policy
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Amex opposes shareholder proposal over diversity incentives
A conservative legal group wants American Express to end financial incentives for executives who source diverse suppliers, although the card issuer says it doesn’t offer those anymore.
By Patrick Cooley • April 2, 2025 -
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‘Stalled in the starting blocks’: Banks await certainty as Trump policies chill M&A
Tariff volatility has roiled bank stocks, creating roadblocks for some would-be mergers and acquisitions that lean on valuations, analysts said.
By Caitlin Mullen • April 2, 2025 -
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TrendlineArtificial intelligence
Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?
By Banking Dive staff -
Retrieved from OCC.
OCC ends climate risk guidance for large banks
Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."
By Zoya Mirza • April 1, 2025 -
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Tennessee ends Wells Fargo probe after bank scraps net-zero target
The state's attorney general, Jonathan Skrmetti, "commend[ed] Wells Fargo’s pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.
By Rajashree Chakravarty • April 1, 2025 -
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Judge grants preliminary injunction in CFPB case
The agency must reinstate fired probationary and term employees and can’t enact mass reductions in force, the court said. The injunction also lifts CFPB Acting Director Russ Vought’s stop-work order.
By Dan Ennis • March 31, 2025 -
Permission granted by Office of the Comptroller of the Currency
Acting comptroller Hood revamps OCC unit
After restructuring, the Office of External Relations and Strategic Partnerships will be headed by Andrew Moss, Rodney Hood’s acting chief of staff.
By Rajashree Chakravarty • March 28, 2025 -
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Fed, OCC, FDIC seek to rescind CRA final rule
Federal banking regulators pointed to pending litigation as the reason for pulling back the 2023 rule.
By Gabrielle Saulsbery • March 28, 2025 -
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Senate votes to overturn CFPB overdraft rule
The bureau’s measure to cap overdraft at $5 is a House vote and presidential signature away from being repealed.
By Dan Ennis • March 28, 2025 -
Anne Callahan/Banking Dive
Sponsored by Arcesium[Podcast] Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations
M&A is surging—are banks ready for the compliance challenges? Tune in to Arcesium’s podcast for expert insights.
By Banking Dive's studioID • March 27, 2025 -
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CFPB withdraws ‘inappropriate’ filing in NY AG’s suit against Citi
The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never been embraced by any federal court prior.”
By Gabrielle Saulsbery • March 27, 2025 -
Kayla Bartkowski / Staff via Getty Images
OCC nominee Gould aims to ‘shine a spotlight’ on de-banking
“I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.
By Caitlin Mullen • March 27, 2025 -
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CFPB pushes to vacate Townstone settlement, refund mortgage lender
The bureau identified the redlining case against Townstone Financial as “abusive” and “unjust” and plans to make the company whole by returning the $105,000 penalty it paid.
By Rajashree Chakravarty • March 27, 2025 -
Chip Somodevilla / Staff via Getty Images
Republicans air CFPB grievances, jockey for changes at agency
Rep. Andy Barr, R-KY, called the bureau an “Orwellian predator,” at a hearing where several lawmakers proposed reforms, including making the bureau a five-member commission.
By Caitlin Mullen • March 26, 2025 -
Anna Hrushka/Banking Dive
FDIC ‘plans to eradicate’ focus on reputational risk
Two bank regulators and the head of the Senate Banking Committee have called to put an end to a regulatory focus on reputational risk this month.
By Gabrielle Saulsbery • March 26, 2025 -
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Fed hands Tennessee bank a cease-and-desist order
The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.
By Rajashree Chakravarty • March 25, 2025 -
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JPMorgan rebrands DEI, leaves net-zero group
The bank said it will swap in “opportunity” for “equity” in its DEI policy and that it left Net-Zero Asset Managers over the group’s operational pause.
By Lamar Johnson • March 24, 2025 -
Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
Fed’s Bowman: Let’s rethink negative comment review for bank applications
Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.
By Caitlin Mullen • March 24, 2025 -
Retrieved from OCC.
OCC to stop examining for reputational risk
“The OCC has not and does not make business decisions for banks,” Acting Comptroller Rodney Hood said, adding that future exams will focus on more transparent risk areas.
By Rajashree Chakravarty • March 21, 2025 -
Anna Hrushka/Banking Dive
FDIC OIG report underscores attrition, brain drain concerns at regulator
Skill loss is a key risk as examiners leave the FDIC, “especially those with advanced IT skillsets who examine risks at the most complex banks,” the watchdog’s report said.
By Caitlin Mullen • March 21, 2025 -
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SEC to drop Ripple case
“I'm heartened that we have paved the way for other industry players to see the value in not backing down ... We are now closing a chapter in crypto history,” CEO Brad Garlinghouse said.
By Gabrielle Saulsbery • March 20, 2025 -
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Citi shrinks execs’ bonuses over tech revamp
Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.
By Caitlin Mullen • March 19, 2025 -
Courtesy of Wells Fargo multimedia resources
OCC terminates 2021 Wells Fargo consent order, leaving bank with 3
Regulators have terminated 11 consent orders against Wells since 2019, including five so far this year. The bank's asset cap, however, remains.
By Gabrielle Saulsbery • March 18, 2025 -
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Fintech SmartBiz buys Illinois bank
Initially, the fintech considered obtaining its own charter, but decided it made more sense to find a lender open to acquisition that could complement SmartBiz’s strengths, said CEO Evan Singer.
By Caitlin Mullen • March 18, 2025 -
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Trump Organization lawsuit raises questions on Capital One-Discover deal
Capital One needs three U.S. approvals to proceed with its $35.3 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?
By Justin Bachman • March 18, 2025 -
(2024). [Photo]. Retrieved from Federal Reserve.
Trump nominates Bowman as Fed’s next vice chair for supervision
The longtime central bank governor often served as a vocal counterpoint during Michael Barr's tenure, on issues such as stress tests, bank merger policy and CRA revisions.
By Dan Ennis • March 18, 2025
