Regulations & Policy
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Federal Reserve. (2024). [Photo]. Retrieved from Flickr.
5 takeaways from Michelle Bowman on innovation, de-banking and fighting fraud
The perhaps-future Federal Reserve vice chair for supervision argued in favor of transparency for crypto, smarter examinations and more responsibility from banks.
By Dan Ennis • Feb. 7, 2025 -
Brink’s subsidiary to pay $42M to settle FinCEN, DOJ claims
The armored car company will pay FinCEN and the DOJ $42 million over three years following its willful admission to Bank Secrecy Act violations.
By Gabrielle Saulsbery • Feb. 7, 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 -
Fed releases 2025 stress test scenarios
The stress test, which will include 22 banks compared to last year’s 32, will feature two added hypothetical elements for the Fed’s “exploratory analysis” of the banking system.
By Rajashree Chakravarty • Feb. 6, 2025 -
Ex-Huntington branch manager sues bank, raising FMLA allegations
Terri Estepp alleged she was fired from Huntington Bank after nearly 28 years because she took FMLA leave to care for her dying daughter. The bank said her termination is unrelated.
By Gabrielle Saulsbery • Feb. 6, 2025 -
Concerns mount over FDIC staffing challenges
A federal hiring freeze and brain drain at the already short-staffed agency could be detrimental for bank examinations and resolutions of failed lenders, lawyers and FDIC veterans said.
By Caitlin Mullen • Feb. 6, 2025 -
CFPB fines Wise $2.5M over remittance violations
In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.
By Rajashree Chakravarty • Feb. 5, 2025 -
Senate panel grapples with who’s to blame for de-banking
“This shouldn’t be happening, and we need to figure out why and who is responsible,” Sen. Elizabeth Warren, D-MA, said during Wednesday’s hearing examining the impacts of de-banking.
By Caitlin Mullen • Feb. 5, 2025 -
GM subsidiary resubmits ILC charter application
GM Financial withdrew its application in June after a 3½-year wait – perhaps in anticipation of eased regulation under a Trump administration.
By Dan Ennis • Feb. 5, 2025 -
Coinbase calls on regulators to clarify crypto-bank rules
Banks that pursued crypto “were almost universally met with resistance” from the FDIC, the agency’s acting chair, Travis Hill, said Wednesday.
By Gabrielle Saulsbery • Feb. 5, 2025 -
Fed terminates 2 Wells Fargo consent orders
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.
By Gabrielle Saulsbery • Feb. 4, 2025 -
Retrieved from OCC.
OCC dings Ohio, Illinois banks on CRA ratings
The regulator issued “needs to improve” ratings to First Federal Savings & Loan Association of Lorain, Ohio, and United Trust Bank in Palos Heights, Illinois.
By Caitlin Mullen • Feb. 4, 2025 -
Chopra leaves CFPB in widely expected move
President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement posted to the agency’s website.
By Dan Ennis • Feb. 3, 2025 -
What’s coming for the banking industry in 2025
Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.
By Banking Dive staff • Jan. 31, 2025 -
Trump-era CFPB has full plate following Chopra’s flurry of activity
As Republicans mull unwinding Biden-era CFPB policies, Chopra’s strategy seems to have been “to make that as hard as possible by making the list as long as possible,” said a panelist during a Thursday webinar.
By Caitlin Mullen • Jan. 31, 2025 -
Deep Dive
Banking sector girds for M&A uptick in 2025
Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?
By Rajashree Chakravarty • Jan. 31, 2025 -
Why climate alliance memberships are no longer ‘en vogue’ for Wall Street
Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.
By Zoya Mirza • Jan. 31, 2025 -
Column
Dive Deposits: Trump picks the most public moments to knock luminaries
The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.
By Dan Ennis • Jan. 30, 2025 -
Cruz reignites effort to defund CFPB
Sen. Ted Cruz, R-TX, introduced a bill (again) to that effect Wednesday, calling the agency “unelected” and “unaccountable” and its regulations “burdensome and harmful.”
By Gabrielle Saulsbery • Jan. 30, 2025 -
Wells Fargo released from 2022 CFPB consent order
The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.
By Rajashree Chakravarty • Jan. 28, 2025 -
Chopra urges regulatory action to confront de-banking
The CFPB director faulted the lack of transparency around bank decisions to close accounts and said it’s worth exploring what appeal rights customers could be entitled to.
By Caitlin Mullen • Jan. 28, 2025 -
A nearly $1B bank deal is one approval away
The FDIC has signed off on WesBanco’s bid to acquire Youngstown, Ohio-based Premier Bank. The merger awaits approval from the Federal Reserve.
By Caitlin Mullen • Jan. 27, 2025 -
Judge deals SEC, Kraken partial wins in ongoing case
Kraken and the Securities and Exchange Commission both secured partial victories in a ruling about what defenses Kraken can use in the ongoing case between the two.
By Gabrielle Saulsbery • Jan. 27, 2025 -
While Trump’s anti-DEI executive orders pile up, Jamie Dimon doesn’t flinch
In response to activists’ anti-DEI efforts against his company, the JPMorgan Chase CEO said to “bring them on.”
By Caroline Colvin • Jan. 27, 2025 -
Deep Dive
Ousting the CFPB’s Chopra wasn’t a ‘day one’ priority
The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t going to be quick, analysts say.
By Dan Ennis • Jan. 27, 2025 -
TD names next AML chief
Jacqueline Sanjuas joined the bank last year, months before the Justice Department made public its investigation into TD’s anti-money laundering issues.
By Gabrielle Saulsbery • Jan. 24, 2025