Risk
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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 -
FDIC eases crypto rules for banks
Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.
By Gabrielle Saulsbery • April 1, 2025 -
Explore the Trendline➔
da-kuk via Getty ImagesTrendlineArtificial 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 -
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 -
ING’s net-zero targets align with SBTi
The Dutch bank aims to reduce its absolute scope 1 and scope 2 emissions by 44% by 2030, compared with 2023. It's the first global bank to have its climate goals validated by the organization.
By Lamar Johnson • March 27, 2025 -
Column
Dive Deposits: UBS simply doesn’t want to be held back
The Swiss bank’s threat to move its HQ from its home country comes as its spirit appears to morph from European to British to American on ideals such as DEI, pay and climate.
By Dan Ennis • March 27, 2025 -
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 -
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 -
Judge dismisses lawsuit against Wells Fargo over prescription drug costs
The decision could throw cold water on potential copycat suits seeking to hold large, self-funded employers responsible if they overpay for prescription drugs.
By Rebecca Pifer • March 26, 2025 -
Massachusetts bank deemed in ‘troubled condition’ by OCC
The $209.9 million-asset 42 North Private Bank did not fully comply with a 2017 consent order alleging unsafe and unsound practices, the OCC said.
By Gabrielle Saulsbery • March 21, 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 -
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 -
Western Alliance breach exposes 22K customers’ data
The October incident, involving a vulnerability in third-party software, went undetected for three months. The Phoenix, Arizona-based lender then took 46 days to disclose it.
By Dan Ennis • March 21, 2025 -
Bank transfer fraud losses outpace crypto
The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.
By Lynne Marek • March 21, 2025 -
Bank customers want clearer communication on cybersecurity: survey
Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.
By Caitlin Mullen • March 20, 2025 -
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 -
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 -
US banks turn to SEC to dodge climate, social shareholder proposals
The agency has largely denied the requests, ruling that banks must put the requests to disclose its clean energy financing ratios and indigenous rights practices to a vote.
By Lamar Johnson • March 17, 2025 -
Webster eyes $100B threshold, invests in hiring and tech
The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.
By Caitlin Mullen • March 14, 2025 -
NYDFS chief details changes spurred by Signature failure
The regulator implemented new escalation protocols and an operational stress testing exercise to keep a closer eye on the “C students” under its watch, Adrienne Harris said Tuesday.
By Caitlin Mullen • March 12, 2025 -
Q&A
Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’
Regulators will keep BaaS under the microscope, continuing to put pressure on the space and contributing to fewer banks in the space, expects Brett Pharr, the bank’s CEO.
By Caitlin Mullen • March 12, 2025 -
Wells Fargo sues JPMorgan over $481M CRE loan
JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.
By Caitlin Mullen • March 11, 2025 -
FDIC OKs Rhode Island bank’s wind-down plan
Independence Bank was ordered to pay $3.5 million in restitution after the lender allegedly charged illegal fees for Small Business Administration 7(a) loans, causing the agency to lose roughly $8.8 million.
By Caitlin Mullen • March 5, 2025 -
TD’s US CEO sees pay cut but gets $2M award
Vesting of the award to Leo Salom “is subject to meeting [anti-money laundering] remediation conditions and milestones,” the bank's compensation committee wrote.
By Gabrielle Saulsbery • March 5, 2025 -
Wells Fargo scraps net-zero target
The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.
By Zoya Mirza • March 3, 2025 -
CFPB ex-enforcement chief shares concerns at lawmaker forum
Democratic senators, led by Elizabeth Warren, blasted DOGE’s infiltration of the agency, highlighting potential conflicts of interest and a drop in responses to consumer complaints.
By Dan Ennis • Feb. 26, 2025