Democratic AGs sue Trump administration over CFPB funding

New York Attorney General Letitia James and others want a federal court in Oregon to force the CFPB to take funds from the Federal Reserve to continue its watchdog duties.

By Gabrielle Saulsbery • Dec. 23, 2025

Huntington’s $7.4B Cadence deal gets regulatory sign-off

The Office of the Comptroller of the Currency approved the acquisition 56 days after it was proposed – leaving just one multibillion-dollar banking deal from 2025 awaiting regulators’ blessing.

By Dan Ennis • Dec. 23, 2025

Explore the Trendline➔

Fraud and AML in banking

The past year has been one of reckoning with regard to fraud — from TD’s $3 billion AML penalty to the continuing punitive phase connected to PPP misdeeds, crypto bankruptcies and pig butchering.

By Banking Dive staff

Fed seeks comments on ‘skinny’ account

The Federal Reserve Board voted 6-1 on Friday to gather public comment on creating a new special payments account for use by financial institutions.

By Lynne Marek • Dec. 22, 2025

Fintech Mercury applies for OCC bank charter

The company also appointed an alum of SoFi, Green Dot and Goldman Sachs to serve as CEO of the proposed bank. The move comes after the OCC approved five crypto firms for a different type of charter.

By Dan Ennis • Dec. 19, 2025

Senate confirms FDIC’s Hill, CFTC’s Selig

The party-line vote puts permanent leaders atop the two financial regulatory agencies.

By Caitlin Mullen • Dec. 19, 2025

OCC withdraws amendment to Citi consent order

The regulator is no longer requiring the bank to submit a breakdown of the resources it’s employing to resolve a 2020 order likely brought on by a $900 million errant transfer of funds.

By Gabrielle Saulsbery • Dec. 19, 2025

Tech-focused Erebor gets FDIC nod for deposit insurance

The proposed bank, backed by billionaire investor Peter Thiel, received conditional approval from the OCC in October.

By Dan Ennis • Dec. 17, 2025

FDIC details workforce cuts, stablecoin issuance process

Comptroller of the Currency Jonathan Gould, an FDIC board member, supported the agency’s proposed budget but expects further room to trim it. He also hinted at budget cuts to come at the OCC.

By Caitlin Mullen • Dec. 17, 2025

Fed terminates Goldman, Metropolitan consent orders

The cease-and-desists date back to 2020 and 2023, tied to the 1MDB scandal and prepaid cards, respectively.

By Gabrielle Saulsbery • Dec. 17, 2025

PayPal seeks bank charter

The payments pioneer has applied with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form an industrial bank.

By Lynne Marek • Dec. 16, 2025

BaFin hits N26 with additional oversight

The German neobank has run into compliance issues before, in 2021. On Monday, BaFin appointed a special monitor to keep tabs on the neobank's compliance arm.

By Gabrielle Saulsbery • Dec. 15, 2025

JPMorgan conducted ‘fake’ interviews of Black candidates, lawsuit alleges

The bank’s treatment of the plaintiff is part of a decades-long “unbroken pattern of systemic race discrimination against African Americans,” per the lawsuit.

By Ginger Christ • Dec. 15, 2025

OCC green-lights Circle, Ripple, Paxos for national trust bank charters

Five firms in all received conditional approval from the regulator, though Coinbase and Stripe’s Bridge were not among them.

By Dan Ennis • Dec. 12, 2025

Fed reappoints reserve bank presidents

Speculation grew over the summer that the Trump administration would try to exert more influence over regional Fed leadership, and that some appointments may draw dissent.

By Caitlin Mullen • Dec. 12, 2025

Fed approves PNC’s $4.1B acquisition of FirstBank

The regulatory green light came 94 days after the deal was announced. That timeline presumably bodes well for three other bank tie-ups with higher price tags, proposed between July and October.

By Dan Ennis • Dec. 12, 2025

OCC cites 9 big banks’ ‘inappropriate’ debanking actions

The agency stopped short of detailing specific instances but pointed to policy statements from 2020 through 2022 in a preliminary report issued Wednesday.

By Dan Ennis • Dec. 11, 2025

PNC’s Demchak bemoans M&A speculation

The PNC CEO said everyone’s a buyer, and price tags are too high on small-bank sellers. But at the same time, he blasted critics of his franchise’s FirstBank deal.

By Caitlin Mullen • Dec. 11, 2025

‘The world is our oyster now’: Wells Fargo CEO

Speaking about his bank’s post-asset cap outlook, Wells CEO Charlie Scharf called AI a “positive reality,” but hinted at fourth-quarter job cuts.

By Dan Ennis • Dec. 10, 2025

Charter application boom a ‘return to norm’ for OCC: Gould

The agency has seen 14 de novo applications in 2025. While trade groups are skeptical of the activity, OCC chief Jonathan Gould is not.

By Gabrielle Saulsbery • Dec. 9, 2025

OCC, FDIC scrap Obama-era leveraged lending guidance

Continuing the Trump administration’s de-regulatory push, the banking agencies rescinded high-risk lending guidance they said was “overly restrictive” and contributed to private credit’s rise.

By Caitlin Mullen • Dec. 8, 2025

Ex-CEO of failed Oklahoma bank indicted on fraud charges

Danny Seibel issued fake loans to friends and neighbors and “frequently” altered First National Bank of Lindsay records to hide the activity from the OCC and the bank’s board, the DOJ alleged.

By Caitlin Mullen • Dec. 5, 2025

Dive Deposits: In a down year for diversity, Citi’s reputation is at stake

The bank named a relatively sparse class of new managing directors. Its proportion of women is virtually the same as last year’s – even amid a de-emphasis on DEI. But the bank isn’t outpacing its peers, either.

By Dan Ennis • Dec. 4, 2025

Bank regulators testify on Trump-era ‘tailoring’

The Federal Reserve’s vice chair for supervision vowed, in testimony to House lawmakers Tuesday, not to “reverse-engineer” changes to capital requirements to fit preconceived notions.

By Dan Ennis • Dec. 3, 2025

Digital wallet use outpaces regulators

Consumers are increasingly turning to these mobile tools for convenience and new features. But are regulators keeping pace?

By Justin Bachman , Shaun Lucas , Julia Himmel • Dec. 3, 2025

Biden admin made ‘coordinated attack’ on crypto: House Republicans

Uniswap CEO Hayden Adams, Ripple CEO Brad Garlinghouse and Gemini co-founder Tyler Winklevoss were all, at different points, debanked, a House committee investigation found.

By Gabrielle Saulsbery • Dec. 2, 2025