Trump backs off his push to fire Fed’s Powell

Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

By Dan Ennis • April 23, 2025

CFPB defends analysis behind 90% job cuts

A 200-person workforce would allow the bureau to fulfill statutory obligations “and better aligns with the new leadership’s priorities and management philosophy,” attorneys for the agency said.

By Caitlin Mullen • April 22, 2025

Explore the Trendline➔

M&A

President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

By Banking Dive staff

FDIC scraps some large bank living will requirements

Instead of requiring a bridge bank strategy, the FDIC wants large banks to describe one or more potential resolution strategies the regulator could execute, it said Friday.

By Caitlin Mullen • April 21, 2025

Fed proposes stress-test makeover

The central bank’s proposed changes would reduce year-over-year fluctuations in capital requirements. The regulator also plans to announce further tweaks – around transparency – later this year.

By Gabrielle Saulsbery • April 18, 2025

Capital One-Discover deal gets nod from Fed, OCC

Regulators, however, handed Discover several consent orders. Most notably, the FDIC ordered the company to distribute $1.225 billion in restitution to customers overcharged between 2007 and 2023.

By Dan Ennis • April 18, 2025

Judge again halts CFPB’s 1,500 layoffs

The bureau sent reduction-in-force notices to roughly 90% of its staff Thursday, with plans to cut off terminated employees’ access to CFPB systems at 6 p.m. Friday. A judge intervened.

By Dan Ennis • April 18, 2025

Trump fires NCUA board’s 2 Democrats

The removal of Todd Harper and Tanya Otsuka may put other regulators at risk, including Fed Chair Jerome Powell, whose termination, the president said Thursday, “cannot come soon enough.”

By Dan Ennis • April 17, 2025

CFPB shifts focus away from nonbanks, fair lending cases

An 11-point memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies in order to simply fill the Bureau’s penalty fund,” the CFPB’s legal chief wrote.

By Gabrielle Saulsbery • April 17, 2025

OCC takes stock of breach as some banks limit info sharing

JPMorgan Chase has stopped sharing information electronically with the agency, a source told Banking Dive. BNY and Bank of America have reportedly done likewise.

By Gabrielle Saulsbery • April 16, 2025

CFPB’s Vought wants to strip away ‘guidance’ en masse

The bureau’s acting director said the Biden administration used guidance as a substitute for formal regulation and gave eight CFPB offices two weeks to save any previous guidance they deem necessary.

By Dan Ennis • April 15, 2025

Edward Jones resubmits ILC charter application

The investment firm originally sought a charter in 2020, but abandoned its efforts in 2022. It still plans to move forward with its retail banking partnership with U.S. Bank this year.

By Gabrielle Saulsbery • April 15, 2025

Bank of America ordered to pay FDIC $540M in risk lawsuit

A judge’s decision, made public Monday, marks the latest development in a yearslong legal fight between the bank and the regulatory agency over the unpaid deposit insurance assessments.

By Caitlin Mullen • April 15, 2025

CFPB drops case against Comerica

The bureau dismissed the case without prejudice – meaning it could refile the lawsuit – setting it apart from other recent dismissals by the Russ Vought-led CFPB.

By Caitlin Mullen • April 14, 2025

Appeals court allows some CFPB firings

The bureau can terminate employees who are determined, after an individualized assessment, to be unnecessary to the agency’s statutory duties, a three-judge panel ruled.

By Dan Ennis • April 14, 2025

Ally’s DEI suit dismissed after bank reduces emphasis

America First Legal dropped its lawsuit against Ally Financial after the lender largely scrubbed diversity references from its public filings.

By Gabrielle Saulsbery • April 11, 2025

Dimon points to ‘turbulence,’ sees uncertainty persisting through July

The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

By Caitlin Mullen • April 11, 2025

Warren presses Fed’s Bowman on tariff stance

The senator grew exasperated when the nominee for vice chair for supervision suggested a wait-and-see approach on Trump policy.

By Caitlin Mullen • April 10, 2025

Lawmakers push House bill on reputational risk

Reps. Andy Barr, R-KY, and Ritchie Torres, D-NY, introduced companion legislation of the Senate’s FIRM Act to remove reputational risk as a component in bank supervision.

By Rajashree Chakravarty • April 10, 2025

House votes to overturn CFPB overdraft rule

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to nullify the CFPB cap.

By Dan Ennis • April 10, 2025

DOJ scales back crypto enforcement

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who victimize crypto investors or use crypto to support illicit activities.

By Gabrielle Saulsbery • April 9, 2025

‘Fallen off a cliff’: 3 ways Travis Hill wants to boost de novos

Lower upfront capital for “noncomplex” community banks, a revamped application process for fintechs and an open mind toward ILCs are some of the suggestions the FDIC’s acting chief floated Tuesday.

By Dan Ennis • April 9, 2025

Treasury eyes bigger regulatory role, Bessent says

The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

By Caitlin Mullen • April 9, 2025

OCC discloses major hack

Attackers gained unauthorized, prolonged access to the banking regulator’s email system and may have seen numerous messages containing highly sensitive data.

By Elizabeth Montalbano • April 9, 2025

The smaller the CFPB, ‘the better,’ Senate banking chair says

Sen. Tim Scott, R-SC, estimated a timeline for a vote on the nominee to lead the CFPB and detailed how his working relationship with Sen. Elizabeth Warren differs from that with previous Democratic leadership.

By Caitlin Mullen • April 9, 2025

Do growing fintechs need more federal regulation?

State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

By Justin Bachman • April 8, 2025