Fintechs blast JPMorgan over data fees

The largest U.S. bank says it will begin charging the firms to access customer financial data. PNC’s CEO applauded the effort.

Wells Fargo workers allege union-busting again

Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR exec at the bank is coercing workers to decertify their union.

JPMorgan’s Dimon: Fed independence ‘absolutely critical’

The CEO of the biggest U.S. bank warned Tuesday that “playing around with the Fed can often have adverse consequences.”

OCC drops disparate impact liability from supervision, exam metrics

The agency’s rollback is a direct follow-up to President Donald Trump’s April executive order calling to “deprioritize” enforcement of disparate impact.

SC’s First Community broaches Atlanta area in $41.6M deal

Buying Signature Bank of Georgia would boost First Community’s Small Business Administration lending and create a bank with 23 locations and roughly $2.3 billion in assets, the companies said.

Huntington to buy Texas bank for $1.9B

The Columbus, Ohio-based regional lender will dive deeper into the Lone Star State with the acquisition of Veritex Community Bank’s holding company.

How Bank of America keeps tabs on what customers want

This year, the Charlotte, North Carolina-based lender has added capabilities related to fraud claims and card arrivals, in response to customer feedback or inquiries, an executive said.

First Fed Bank CEO resigns, COO tapped as interim chief

Matthew Deines, who served as CEO for six years, announced his exit following a lawsuit filed by a Jefferies hedge fund group alleging the bank’s involvement in a fraudulent scheme.

Dive Deposits: Fed pushes back on Vought’s skewering of renovation

In an FAQ document, the central bank appears to emphasize it’s responding to senators’ concerns, not the OMB chief’s, and that it has cooperated with a capital planning panel.

6 takeaways from the Senate’s crypto market structure hearing

Senators largely agreed on the need for regulation, but differed on the potential focus and framing of such a bill.

Ohio bank to acquire in-state peer in $70.4M deal

Civista Bancshares will buy The Farmers Savings Bank in a transaction set to close in the fourth quarter. Civista has also launched an underwritten public offering of its common shares, aiming to raise $70 million. 

Big banks could get easier route to ‘well-managed’ status

Michelle Bowman dubbed the Federal Reserve’s proposal “the first step” in aligning supervisory ratings with a sharper focus on material financial risk, but Michael Barr warned the move would undermine supervision and introduce risk.

Dive Deposits: The time Russ Vought moonlighted as a 1980s action star

The acting CFPB director accessed his inner Sylvester Stallone, using his position as the White House’s budget chief to grill Federal Reserve Chair Jerome Powell on a hot-button renovation.

HSBC leaves climate coalition, following US banks

The U.K.-based bank became the latest to exit the United Nations-backed Net-Zero Banking Alliance, as an exodus of U.S. banks has spread.

Jonathan Gould confirmed to lead OCC

Senate Banking Committee Republicans said in a statement they hope Gould “return[s] the OCC to its true purpose of chartering and supervising banks to ensure a safe and sound banking system.”

TD names Treasury vet to financial crime risk management post

Andrew Jensen joined the Canadian lender last year as global head of sanctions. Jensen will maintain those duties, too, when he moves into his new role Monday.

Pennsylvania banks to merge in $54.9M deal

Wayne Bank, a subsidiary of Norwood Financial Corp., will expand its footprint into central and southeastern Pennsylvania with the acquisition of Presence Bank.

Wise to pay $4.2M, boost AML oversight in 6-state settlement

Wise allegedly failed to provide for frequent independent review of its anti-money laundering program. Regulators also found deficiencies in the investigation and reporting of suspicious activity.

Citi to open Charlotte office, add 510 jobs

The lender will spend $16.1 million on the office, which is slated to open by early 2026, according to a bank memo.

Community banks view embedded finance as key to longevity: report

Despite increased regulatory scrutiny of banking-as-a-service, over half of the surveyed community bank respondents are considering implementing BaaS or embedded banking solutions.

Frost CFO: ‘We are that stable bank in Texas’

The San Antonio lender has hung its hat on long-term organic growth. “We get to bring in customers that chose us, not that we bought,” said Dan Geddes, a 28-year Frost veteran. “We get to recruit the bankers that want to be with us.”

BNY to custody Ripple USD

BNY custodies two other stablecoins – Circle’s USDC, since 2022, and SocGen’s USD CoinVertible, since June.

Monzo fined $28.7M over AML flaws

This is the 10th financial crime control failings-related fine imposed by the FCA in the last four years, and follows a similar action against fellow U.K. neobank Starling last year.

Dive Deposits: Summer is the season of regulator roulette

The sidelining of the CFPB’s top fair-lending official, early-out of a leading Fed supervisor, and President Trump’s gripes toward Jerome Powell have turned July into a game of “start-bench-cut.”

Court denies open banking briefs

A federal judge said “friend of the court” briefs wouldn't be helpful in litigation over the Consumer Financial Protection Bureau’s open banking rule.