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

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

Explore the Trendline➔

Fintech disruption in the banking industry

There are as many schools of thought on how to disrupt the banking space as there are disruptors.

By Banking Dive staff

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

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

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

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

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

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

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

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

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

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

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

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

Senate Republicans would cut off CFPB funding from Fed

A version of the “One Big, Beautiful Bill” from Friday would also cut pay for the Fed’s non-monetary policy employees and eliminate the Office of Financial Research.

By Dan Ennis • June 9, 2025

Capital One to give CEO Fairbank a $30M award

The bank’s CFO, general counsel and two other executives are also set to receive multimillion-dollar bonuses over “ongoing and anticipated” work to integrate newly acquired Discover into the bank.

By Dan Ennis • June 6, 2025

Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG

The shuttered Chicago-based lender had deposit liabilities of nearly $20.7 million unaccounted for in its core system, the regulator’s office found.

By Rajashree Chakravarty • June 5, 2025

Senate confirms Bowman as Fed supervision czar

The 48-46 party-line vote hints at partisan rancor and concern by Democrats about deregulation and the central bank’s independence.

By Dan Ennis • June 5, 2025

BlackRock removed from Texas divestment list

Texas’ comptroller said BlackRock is no longer considered to be “boycotting” fossil fuels and its change in climate alliance participation was “directly related” to the state’s divestment list.

By Lamar Johnson • June 4, 2025

Citi drops firearms restriction in a bow to conservative pressure

The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.

By Dan Ennis • June 4, 2025

Fed lifts Wells Fargo’s asset cap

The regulator’s board lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain provisions of the consent order remain.

By Caitlin Mullen • June 3, 2025

DOJ seeks early end of Lakeland’s redlining consent order

The New Jersey bank settled redlining allegations in September 2022 and entered into a five-year consent order. The Justice Department wants to terminate it two years ahead of schedule.

By Gabrielle Saulsbery • June 3, 2025

Dive Deposits: For Wells Fargo and NatWest, it’s the summer of looking forward

Both banks would probably argue they’ve been future-focused for years. But with the U.K. divesting from NatWest, and Wells’ asset-cap days waning, policymakers, too, are pivoting from 2008 and 2016.

By Dan Ennis • June 2, 2025

CFPB files for summary judgment in open banking case

The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.

By Lynne Marek • June 2, 2025

Regulatory clarity ‘foundational’ for crypto: Gemini CFO

Newly minted Gemini CFO Dan Chen emphasized the importance of clear regulatory frameworks as the Trump administration continues to woo the crypto industry.

By Grace Noto • June 2, 2025