Regulations & Policy: Page 4
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Maxine Waters walks out of digital asset hearing
House Democrats’ walkout blocked the hearing from taking place. They cited concerns over the president’s and his family’s ties to digital asset businesses.
By Rajashree Chakravarty • May 7, 2025 -
Senators re-up bill requiring independent Fed IG
Sens. Elizabeth Warren, D-MA, and Rick Scott, R-FL, faulted recently retired Fed IG Mark Bialek for failing to address central bank “corruption,” underscoring the need for “structural changes” to the role.
By Caitlin Mullen • May 7, 2025 -
Explore the Trendline➔
Alex Wong via Getty ImagesTrendlineFintech 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 -
(2024). [Photo]. Retrieved from Federal Reserve.
Bowman nod for Fed supervision czar advances to full Senate
The Senate Banking Committee voted 13-11 along party lines to pass the nomination to the full chamber. A key Democrat reiterated her concerns over Bowman’s stance on tariffs, mergers and climate.
By Dan Ennis • May 7, 2025 -
Credit Suisse pleads guilty to tax crimes, agrees to pay $511M
The lender now owned by UBS pleaded guilty to conspiring to hide more than $4 billion from the IRS in at least 475 offshore accounts.
By Rajashree Chakravarty • May 6, 2025 -
Treasury’s Bessent: Private credit surge underscores need for bank deregulation
“The growth of private credit tells me that the regulated banking system has been too tightly constrained,” Scott Bessent said Monday.
By Caitlin Mullen • May 6, 2025 -
HSBC pressed on net zero by $1.6 trillion investor group at annual meeting
Some 30 investors called on the bank to “urgently affirm” its commitment to its climate goals and prioritizing net-zero emissions across its operations.
By Zoya Mirza • May 6, 2025 -
CFPB agrees to dismiss appeal in UDAAP lawsuit
The CFPB and seven trade groups filed paperwork in the Fifth Circuit to end litigation related to an update the agency made to its exam manual in 2022.
By Rajashree Chakravarty • May 5, 2025 -
CFPB says it won’t enforce small-biz data collection rule
The bureau cited resource constraints and fairness, adding that it would focus on “pressing threats.” One opponent said the CFPB “can't simply gut rules by press releases on its whim.”
By Dan Ennis • May 2, 2025 -
NCUA’s Harper: Firings laying groundwork for Fed dismissals
“I think they’re chipping away, so that they can get to the Federal Reserve Board,” the former NCUA chair said Thursday of his and a fellow board member’s dismissal by the Trump administration.
By Caitlin Mullen • May 2, 2025 -
Column
Dive Deposits: 4 reminders that it’s not 2022 anymore
The closure of Citi’s we-hardly-knew-ye office in Málaga, Spain – combined with moves to preserve overdraft fees and toughen in-office requirements – make it clear that if 2025 threw a party, 2022 would not be invited.
By Dan Ennis • May 1, 2025 -
Relaxed regulatory oversight spurs bank-crypto activity
Since January, federal bank regulators have done an about-face on crypto guidance, inspiring banks to explore the space.
By Gabrielle Saulsbery • April 30, 2025 -
Warren, Chopra warn of ‘real price to pay’ on DOGE
The former CFPB director pointed to a rise in uninsured deposits amid recent market turmoil.
By Caitlin Mullen • April 29, 2025 -
Appeals court backs injunction barring CFPB mass firing
The bureau’s 1,483-person reduction will remain halted through May 16. A three-judge panel walked back language concerning “particularized assessments” of employees’ necessity. One judge dissented.
By Dan Ennis • April 29, 2025 -
Wells Fargo clears 12th consent order; 2 remain
The 2018 consent order the CFPB lifted is the bank’s sixth to be resolved this year. The two remaining include the Federal Reserve’s asset cap.
By Rajashree Chakravarty • April 28, 2025 -
Nexo reenters US market
Co-founder Antoni Trenchev credited the regulatory shift under Trump for the firm’s reemergence in the U.S. Nexo’s exit was preceded by failed regulatory talks and followed by a $45 million SEC fine.
By Gabrielle Saulsbery • April 28, 2025 -
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 • April 28, 2025 -
Warren grills FDIC’s Hill over DOGE incursion
Four senators argued DOGE’s presence could threaten the $137 billion Deposit Insurance Fund, potentially undermining the FDIC's ability to oversee orderly bank resolutions.
By Rajashree Chakravarty • April 25, 2025 -
Fed joins FDIC, OCC in withdrawing crypto-skeptical guidance
The guidance withdrawals “ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system,” the Federal Reserve said Thursday.
By Gabrielle Saulsbery • April 25, 2025 -
CFPB workers’ union rebuts bureau’s job-cut justification
Evidence indicates the bureau didn’t conduct a court-required assessment before attempting to cut about 90% of its staff, and the layoffs would have left CFPB data “irreparably lost,” plaintiffs said.
By Caitlin Mullen • April 24, 2025 -
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 -
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