Regulations & Policy


  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    OCC fines ex-CEO, founder of Michigan’s Sterling Bancorp

    The executives were each ordered to pay civil penalties related to a troubled loan program the bank ran between 2011 and 2019.

    By April 19, 2024
  • The Bank of America logo is displayed on the side of a Bank of America branch office January 20, 2010 in San Francisco, California.
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    Justin Sullivan / Staff via Getty Images
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    15 AGs put BofA on notice for ‘de-banking’ conservatives

    “Your discriminatory behavior is a serious threat to free speech and religious freedom, is potentially illegal, and is causing political and regulatory backlash,” Kansas Attorney General Kris Kobach wrote.

    By April 18, 2024
  • The Manhattan skyline in New York City. Explore the Trendline
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    Courtesy of The Howard Hughes Corp.
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    Trendline

    Top 5 stories from Banking Dive

    Banks brace to see if commercial real estate exposure will trigger a rerun of last year’s crisis. And regulators face a mountain of comments from the most contentious proposed rule in decades.

    By Banking Dive staff
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    Scott Olson via Getty Images
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    Discover puts $799M more toward card misclassification issue

    The card network opted to increase the card misclassification remediation reserve based in part on discussions with regulators, executives said Thursday.

    By April 18, 2024
  • A Truist sign hangs on a building.
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    Truist tightens in-office attendance policy

    The bank will require its hybrid employees to work on-site four days a week starting this fall, and its investment bankers to be in the office every weekday from June 1, a spokesperson said.

    By April 18, 2024
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    Michael M. Santiago via Getty Images
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    Pathward to pay refunds, penalty tied to NY AG investigation

    The bank, a frequent partner to fintechs, froze customer accounts and transferred money to debt collectors, violating state law, the NY AG’s office said.

    By April 17, 2024
  • PNC CEO Bill Demchak
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    Drew Angerer/Getty Images via Getty Images
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    PNC’s Demchak urges OCC to rethink bank merger review changes

    If regulators don’t promote healthy mergers of banks of all sizes, organic growth of the largest banks will accelerate until they are the only ones left, the CEO wrote in a comment letter last week.

    By April 17, 2024
  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Kent Nishimura via Getty Images
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    OCC was ‘asleep at the wheel’ on NYCB, Warren says

    The Massachusetts Democrat and another senator asked the regulator's acting chief why it approved NYCB's merger with Flagstar when the FDIC didn't and when it saw red flags.

    By April 17, 2024
  • Wells Fargo CEO Charlie Scharf
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    Drew Angerer / Staff via Getty Images
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    Wells Fargo CEO Scharf details asset cap limitations

    When the cap is removed, the CEO anticipates Wells can further invest in its consumer or wealth businesses, build out its product offerings and be more aggressive on lending and deposits.

    By April 16, 2024
  • Rostin Behnam
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    Chip Somodevilla via Getty Images
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    Warren, Grassley want details on CFTC, Bankman-Fried meetings

    FTX founder Sam Bankman-Fried and his team met with CFTC Chair Rostin Behnam 10 times in the 14 months preceding FTX's bankruptcy. Lawmakers are now asking questions.

    By April 16, 2024
  • U.S. European Commission flags
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    E4C via Getty Images
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    US, Europe lock arms on payments regulation

    U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

    By Lynne Marek • April 15, 2024
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    Jetacomputer/iStockPhoto.com

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    Sponsored by Shield Compliance

    Navigating the complexities of cannabis rescheduling

    Rescheduling may bring new complexity to cannabis banking, along with new opportunities.

    By Tony Repanich • April 15, 2024
  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    Citi’s reorg job toll climbs to 7,000: Fraser

    The bank boosted its expectation for annual savings to $1.5 billion. Meanwhile, Citi, Wells Fargo and JPMorgan Chase reported marked increases in FDIC special assessment costs.

    By April 12, 2024
  • People enter and exit UBS Bank in NYC.
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    Chris Hondros via Getty Images
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    UBS could face stricter capital requirements

    The Swiss government outlined a 209-page report Wednesday proposing stricter capital requirements for UBS, which has a balance sheet of $1.7 trillion and floated the idea of additional powers for Finma.

    By April 11, 2024
  • Martin Gruenberg addresses the Senate Banking Committee.
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    Win McNamee via Getty Images
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    Gruenberg: FDIC knows how it would wind down a G-SIB

    Until the FDIC and regulators are tasked with a G-SIB wind-down, and until they do so successfully, questions will arise “as to whether it can be done,” the agency chief said.

    By April 11, 2024
  • People walk in front of a JPMorgan Chase & Co. sign at its headquarters in New York City.
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    Spencer Platt via Getty Images
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    Column

    Dive Deposits: This isn’t the year to gauge women’s progress in banking

    JPMorgan's proxy statement is mum regarding the Piepszak-Lake race, but neither executive is the bank's best-paid woman. Meanwhile, the jury is out on Goldman and Citi.

    By April 9, 2024
  • FirstEnergy's 1,100-MW coal-fired Fort Martin power plant in Maidsville, West Virginia, along the Monongahela River.
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    Citi, TD, HSBC, Northern Trust added to West Virginia restricted list

    The state warned the banks in February of consequences if they "boycott" fossil fuels. BMO and Fifth Third avoided being added to the list, the state said.

    By April 9, 2024
  • JPMorgan Chase CEO Jamie Dimon
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    Dimon blasts regulation, proxy advisers in annual letter

    The JPMorgan Chase CEO also gave prominent space to AI, touting its potential impact in software engineering, customer service and operations, “as well as in general employee productivity."

    By April 8, 2024
  • Frost Bank skyscraper
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    Frost Bank faces proposed overdraft fee class action

    Two plaintiffs filed a lawsuit last week accusing the Texas lender of having a “routine policy and practice of charging its customers Overdraft Fees on transactions that did not overdraw an account.”

    By April 8, 2024
  • RBC fires CFO, treasury exec over undisclosed relationship

    Nadine Ahn had been seen as a potential future CEO candidate, sources told The Globe and Mail. RBC named Katherine Gibson its interim CFO while it searches for a successor.

    By April 8, 2024
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    Sponsored by Crowe

    March 2024 financial reporting, governance and risk management

    Learn about SEC climate-related disclosure rules, the FASB purchased financial assets project and a Fed vice chair speech on credit risk management.

    April 8, 2024
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    Matt Cardy via Getty Images
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    RBC joins Citi, JPMorgan in disclosing green financing ratios

    Shareholder proposals put forward by New York City’s retirement system have been pulled at all three banks, the city's comptroller, Brad Lander, said this week.

    By Lamar Johnson • April 5, 2024
  • Goldman Sachs CEO David Solomon appears onstage.
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    Paul Morigi via Getty Images
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    Proxy advisers call Strike 2 on Goldman CEO Solomon

    Glass Lewis and ISS each urged shareholders to vote to separate the bank's CEO and board chair roles. Glass Lewis also wants voters to reject Goldman's executive pay package.

    By April 5, 2024
  • Office workstation top view of business people working around the letters "M&A" as well as a keyboard, calculator, phablet and money on wooden table.
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    Atstock Productions via Getty Images
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    Bowman, Chopra M&A comments put partisan divide on display

    The Fed governor assailed what she called the FDIC's proposed "regulation by application," while the CFPB chief stressed how mergers should boost communities.

    By April 4, 2024
  • Navy Federal Credit Union, Douglasville Georgia location
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    Navy Federal’s ‘community bank’ label draws ICBA rebuke

    The trade group wants the FDIC and NCUA to issue cease-and-desist orders against the credit union's characterization of a co-branded program with the Defense Department.

    By April 4, 2024
  • Law theme, mallet of the judge, law enforcement officers, evidence-based cases and documents taken into account
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    Judge sides with Fed in Custodia master account ruling

    Judge Scott Skavdahl said the Wyoming-based digital-asset bank failed to prove that the Fed’s board of governors had undue influence on the Kansas City Fed in its application denial.

    By April 2, 2024