The Latest

  • Fiserv headquarters
    Image attribution tooltip
    Courtesy of Fiserv
    Image attribution tooltip

    Fiserv president exits

    As Stripe alum Dhivya Suryadevara announced her resignation Tuesday, Fiserv elevated two executives.

  • Klarna BNPL debit cards loans lending banking
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Klarna applies for ILC charter

    CEO Sebastian Siemiatkowski called a U.S. banking license a "natural next step, giving customers tools to borrow responsibly and build financial confidence."

  • Federal Reserve Bank of Kansas City building
    Image attribution tooltip
    Matt Gush via Getty Images
    Image attribution tooltip

    Fed dings small Kansas lender for third time since 2023

    Lenexa, Kansas-based Small Business Bank must address being “significantly undercapitalized” within 30 days, the central bank wrote.

  • An office building with the word "Regions" at the top is shown against a blue sky.
    Image attribution tooltip
    Caitlin Mullen/Banking Dive
    Image attribution tooltip

    Regions buys muni bond specialist Frazer Lanier

    The acquisition, for an undisclosed sum, would boost the Alabama-based bank’s profile as a municipal securities underwriter and placement agent – and continue its long-held strategy of making “bolt-on” purchases.

  • Todd Harper speaks into a microphone while two people sit behind him; a screen and speakers are mounted on the wall above the people.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Fired NCUA board members seek quick ruling on reinstatement

    Citing last week's Supreme Court opinions, Todd Harper and Tanya Otsuka told an appeals court the credit union agency should be shielded from at-will firings similar to the Federal Reserve.

  • open banking CFPB regulations fintechs FTA
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    AI will reshape financial services, and regulation will follow

    As banks move toward AI-first services, managing autonomy will be the main challenge for regulators, according to the U.K.’s primary financial watchdog.

  • A close-up of Russell Vought, Director of the Office of Management and Budget, shows him looking up.
    Image attribution tooltip
    Anna Moneymaker / Staff via Getty Images
    Image attribution tooltip
    Column

    Dive Deposits: The CFPB just redefined 2 weeks’ notice

    The bureau gave employees until July 14 to accept a geographic reassignment. Declining the move or failing to respond in time “will result in your separation from the CFPB,” according to a Tuesday note to staff.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
    Image attribution tooltip
    Permission granted by Office of the Comptroller of the Currency
    Image attribution tooltip

    OCC ends enforcement against Patriot Bank

    Expenses related to the agreement have totaled over $5 million. CEO Steven Sugarman said he now expects regulatory and FDIC fees to decrease.

  • Visa Mastercard retail merchants card fees interchange swipe fees litigation banks
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Banks, card networks, fintechs partner on ‘low-cost’ stablecoin

    More than 140 businesses, including BNY, Visa and Coinbase, lent their backing to a digital asset launched Tuesday by Open Standard, a consortium led by Bridge CEO Zach Abrams.

  • buildings in Bethesda, Maryland
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    EagleBank to pay $9.7M to resolve BSA violations

    The Bethesda, Maryland-based lender admitted to knowingly letting customers engage in a check fraud scheme, and to having lax anti-money laundering controls for more than a decade.

  • A close-up of the side of an office building shows the "SoFi" name and logo.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    SoFi enters small-business loan market

    “For many of our members, their financial lives do not stop at personal goals, they also include the businesses they are building,” said SoFi CEO Anthony Noto.

  • Eric Glyman Ramp software fintechs
    Image attribution tooltip
    Big Event Media via Getty Images
    Image attribution tooltip

    Ramp elevates CTO to co-CEO

    “If you know us, this won’t feel like a change,” wrote Eric Glyman of fellow co-founder Karim Atiyeh’s move to the top of the fintech.

  • men in suites standing in front of a window with sweeping city views
    Image attribution tooltip
    Permission granted by Commerce Bancshares
    Image attribution tooltip

    Commerce Bank in St. Louis to buy boutique firm

    Buying Nolan & Associates would mark the $37.5 billion-asset bank’s second deal in a year.

  • A close up shot of Elizabeth Warren.
    Image attribution tooltip
    Andrew Harnik via Getty Images
    Image attribution tooltip

    Warren grills Capital One CEO over CFPB nominee

    The Democratic senator wanted to know if Capital One executive-turned-CFPB nominee Brian Johnson had any role in the bureau’s termination of a lawsuit against the bank.

  • Marijuana Sales Profits
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Lawmakers reintroduce cannabis banking reform

    Sen. Jeff Merkley and others have once again reintroduced cannabis banking reform, this time in new waters – following the rescheduling of medical cannabis.

  • A sign above an ATM at a Capital One Café on February 19, 2024, in Miami, Florida.
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Capital One aims to be ‘steady partner’ amid Texas consolidation

    With so many banks angling to serve Texas businesses, it’s “a difficult market to compete in,” said the president of the lender’s corporate banking segment.

  • The Supreme Court with green tree branches in the foreground.
    Image attribution tooltip
    Kevin Dietsch / Getty Images News via Getty Images
    Image attribution tooltip

    Supreme Court rules Trump can’t fire Fed’s Cook

    Justices voted 5-4 that Lisa Cook should remain at the central bank, despite the president’s attempt to remove her. The court, however, expanded presidential powers to fire other federal appointees.

  • The Morgan Stanley sign is seen at the entrance of a building.
    Image attribution tooltip
    Stephen Chernin via Getty Images
    Image attribution tooltip

    Morgan Stanley gets OCC’s conditional approval for trust charter

    The digital-asset trust must maintain at least $50 million in tier 1 capital and obtain the regulator’s nonobjection for any changes to the business or directors.

  • South Carolina State House
    Image attribution tooltip
    Retrieved from Wikimedia Commons.
    Image attribution tooltip

    Two Southeast banks to merge in $163M deal

    When it buys First Reliance, Colony Bank will become the largest sub-$10 billion-asset bank headquartered in Georgia or South Carolina, the acquirer said.

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
    Image attribution tooltip
    Anna Moneymaker / Staff via Getty Images
    Image attribution tooltip

    CFPB overhauls complaint system to curb ‘abuse’

    Citing a dramatic increase in credit reporting complaint volume, the bureau said its fixes would “restore integrity” to the system. But consumer advocates said changes will make it increasingly difficult for consumers to get help from the agency.

  • A close-up of the name "J.P. Morgan" is shown on a glass door.
    Image attribution tooltip
    Michael M. Santiago / Staff via Getty Images
    Image attribution tooltip

    JPMorgan’s Lake exits as Petno, Rohrbaugh named co-presidents

    Longtime executives Doug Petno and Troy Rohrbaugh will each hold two roles, as Marianne Lake – previously seen as a potential successor to CEO Jamie Dimon – retires from the company.

  • an always knicks sign displayed with photos of players at madison square garden in new york city
    Image attribution tooltip
    wellesenterprises via Getty Images
    Image attribution tooltip

    JPMorgan exec in Knicks trash can video has left the bank

    Angie Baez, who worked as an executive director of community and industry engagement for card and connected commerce, received $175 in fines after returning the bin, taken after a parade last week. 

  • The words Federal Reserve engraved in a marble building with an eagle above.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Big banks breeze through Fed’s stress test

    But the results don’t affect banks’ minimum regulatory capital requirements this year, in light of the central bank’s freeze of 2025 stress capital buffers.

  • Wisconsin’s Welcome Sign on the I-90 highway.
    Image attribution tooltip
    Sanghwan Kim via Getty Images
    Image attribution tooltip

    Banks strike deals in Michigan, Wisconsin

    A deal in Michigan is set to create a $1.68 billion-asset bank. Another, in Wisconsin, will create a $3.1 billion-asset institution.

  • A person in a suit and tie speaks into a microphone.
    Image attribution tooltip
    Anna Moneymaker / Staff via Getty Images
    Image attribution tooltip

    GOP senator slams banks over deposit posting

    Sen. Bernie Moreno, R-OH, threatened legislative action Tuesday if banks don't voluntarily change the order in which they post transactions, saying that posting customers’ withdrawals before deposits can trigger overdraft fees.