Chopra leaves CFPB in widely expected move

President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement posted to the agency’s website.

By Dan Ennis • Feb. 3, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Explore the Trendline➔

The 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

Trump-era CFPB has full plate following Chopra’s flurry of activity

As Republicans mull unwinding Biden-era CFPB policies, Chopra’s strategy seems to have been “to make that as hard as possible by making the list as long as possible,” said a panelist during a Thursday webinar.

By Caitlin Mullen • Jan. 31, 2025

Banking sector girds for M&A uptick in 2025

Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?

By Rajashree Chakravarty • Jan. 31, 2025

Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

By Zoya Mirza • Jan. 31, 2025

Dive Deposits: Trump picks the most public moments to knock luminaries

The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.

By Dan Ennis • Jan. 30, 2025

Cruz reignites effort to defund CFPB

Sen. Ted Cruz, R-TX, introduced a bill (again) to that effect Wednesday, calling the agency “unelected” and “unaccountable” and its regulations “burdensome and harmful.”

By Gabrielle Saulsbery • Jan. 30, 2025

Wells Fargo released from 2022 CFPB consent order

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.

By Rajashree Chakravarty • Jan. 28, 2025

Chopra urges regulatory action to confront de-banking

The CFPB director faulted the lack of transparency around bank decisions to close accounts and said it’s worth exploring what appeal rights customers could be entitled to.

By Caitlin Mullen • Jan. 28, 2025

A nearly $1B bank deal is one approval away

The FDIC has signed off on WesBanco’s bid to acquire Youngstown, Ohio-based Premier Bank. The merger awaits approval from the Federal Reserve.

By Caitlin Mullen • Jan. 27, 2025

Judge deals SEC, Kraken partial wins in ongoing case

Kraken and the Securities and Exchange Commission both secured partial victories in a ruling about what defenses Kraken can use in the ongoing case between the two.

By Gabrielle Saulsbery • Jan. 27, 2025

While Trump’s anti-DEI executive orders pile up, Jamie Dimon doesn’t flinch

In response to activists’ anti-DEI efforts against his company, the JPMorgan Chase CEO said to “bring them on.”

By Caroline Colvin • Jan. 27, 2025

Ousting the CFPB’s Chopra wasn’t a ‘day one’ priority

The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t going to be quick, analysts say.

By Dan Ennis • Jan. 27, 2025

TD names next AML chief

Jacqueline Sanjuas joined the bank last year, months before the Justice Department made public its investigation into TD’s anti-money laundering issues.

By Gabrielle Saulsbery • Jan. 24, 2025

Trump accuses Bank of America of political de-banking

The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.

By Dan Ennis • Jan. 24, 2025

Trump order embraces stablecoins, bars CBDCs

President Donald Trump issued a “digital financial technology” executive order Thursday backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.

By Lynne Marek • Jan. 24, 2025

NY would bar banks from charging fees on overdrafts of less than $20

A proposal targets “authorize positive, settle negative” charges and duplicative nonsufficient funds fees, but it would only apply to state-chartered banks.

By Dan Ennis • Jan. 23, 2025

BlackRock, Tennessee reach settlement on ESG suit

The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.

By Lamar Johnson • Jan. 22, 2025

Dive Deposits: FDIC’s Hill wastes little time in re-prioritizing

The agency’s acting chief laid out his aim for transparency in fintech partnerships, a faster bank merger approval process and a 180-degree turn on “problematic” Biden-era proposals.

By Dan Ennis • Jan. 22, 2025

Patriot Bank, OCC ink deal over ‘troubled’ condition

The Connecticut lender is taking remedial steps after the OCC found “unsafe or unsound practices” and violations related to strategic and capital planning and AML risk management. 

By Rajashree Chakravarty • Jan. 22, 2025

Wells Fargo, Merrill Lynch, LPL settle SEC charges

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay $18 million.

By Rajashree Chakravarty • Jan. 21, 2025

Fed, FDIC exit climate-focused organization NGFS

The central bank said the work of the Network of Central Banks and Supervisors for Greening the Financial System has “broadened in scope” and no longer falls within its “statutory mandate.”

By Zoya Mirza • Jan. 21, 2025

CFPB to consider broader ban on declined payment fees

The agency withdrew a rule proposal barring bank fees on certain declined transactions. Its plan for a “more comprehensive approach” faces an uncertain future in the Trump administration.

By Lynne Marek • Jan. 21, 2025

Chicago’s Pulaski Savings Bank is 2025’s first to fail in US

Illinois-based Millennium Bank acquired Pulaski’s deposits and most of its assets. The FDIC said the collapse will cost $28.5 million to the Deposit Insurance Fund, citing suspected fraud.

By Gabrielle Saulsbery • Jan. 21, 2025

Wells Fargo ex-exec appeals $1.5M fine, OCC enforcement order

Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with law.”

By Gabrielle Saulsbery • Jan. 17, 2025