Augustus gets FDIC nod to launch bank

Among stipulations of the approval, the clearing bank must launch with $73,660,000 or more in capital funds and maintain a 10% or greater leverage ratio throughout its first three years.

By Dan Ennis • Aug. 5, 2026

Bank of America, USAA ink patent agreement

The deal allows each company to use the other’s full portfolio of patents. USAA for years has sued – or threatened court action against – banks it says infringe on its remote deposit capture patents.

By Dan Ennis • Aug. 5, 2026

Explore the Trendline➔

Top 5 stories from Banking Dive

Challenges in banking are as varied as lenders. One Alaska credit union is solving how to serve a vast rural base, while a Chicago bank anticipates the regulatory uptick that accompanies growth.

By Banking Dive staff

Stablecoin firm Dakota applies for OCC trust banking charter

“For you, that means fewer layers between your product and the financial services underneath it,” Dakota CEO Ryan Bozarth said in a blog post.

By Dan Ennis • Aug. 5, 2026

Fed approves Santander-Webster deal

The $12.3 billion transaction – approved by the Fed 129 days after the application was filed – is expected to close Aug. 20, Santander said.

By Caitlin Mullen • Aug. 5, 2026

Ex-regulator frets over OCC brain drain

A former regulator whose team got the ball rolling on Citi's 2020 consent order worries the exodus of OCC talent leaves the agency unable to respond to a financial crisis.

By Caitlin Mullen • Aug. 5, 2026

JPMorgan to deploy $750B for affordable housing by 2035

The bank will invest the capital through its American Dream Initiative, an economic mobility program launched this year that also aims to boost housing access.

By Lamar Johnson • Aug. 5, 2026

Trump’s Capital One accounts closed after AML review, bank says

The bank has not accused the Trump Organization of money laundering. But Capital One said the transaction patterns it identified are “among the types of activity flagged by federal banking guidance.”

By Dan Ennis • Aug. 4, 2026

Judge rejects DOJ’s attempt to drop Lakeland redlining order

A federal judge denied the government’s bid to terminate the bank’s consent order ahead of schedule, saying “a promise to reach substantial compliance in the future is not substantial compliance.”

By Caitlin Mullen • Aug. 4, 2026

OCC, FDIC propose another CRA revamp

The regulators – absent the Federal Reserve – would limit grants banks give to “activist” community groups. Friday’s proposal would also reduce the number of banks that must collect CRA-related data.

By Dan Ennis • Aug. 3, 2026

UBS to pay $125M in AML penalties

The brokerage arm of the Swiss bank didn’t fix flaws identified in 2018, resulting in some 60,000 foreign currency wires valued at about $10 billion going unmonitored, regulators said.

By Caitlin Mullen • Aug. 3, 2026

Citi hires away FinCEN chief for compliance role

Andrea Gacki, the director of the Financial Crimes Enforcement Network since 2023, will become global head of sanctions at the New York City-based lender.

By Caitlin Mullen • July 31, 2026

Fed bans ex-Regions, First Interstate bankers

An Idaho-based teller embezzled $8,000 from First Interstate’s cash recycler, the central bank said. A Florida-based Regions relationship banker allegedly withdrew roughly $203,000 from a customer account without consent.

By Dan Ennis • July 31, 2026

Capital One gives update on Discover community investment plan

The bank issued a report last month on progress related to the $265 billion it had committed to invest as part of its bid to buy Discover. Charitable organizations offered little support for the statement.

By Tatiana Walk-Morris • July 30, 2026

Ex-CFPB official tapped to lead NJ consumer affairs unit

Christopher Peterson is one of at least two recent state-level consumer advocacy hires, after California named former CFPB chief Rohit Chopra to lead a newly formed consumer agency.

By Gabrielle Saulsbery • July 29, 2026

Rent fintech Flex applies for ILC charter

Jeff Berkson, who until May served as chief risk officer at WebBank, will be the bank’s proposed CEO. The lender will be based in the Salt Lake City area and operate nationally through digital channels.

By Dan Ennis • July 28, 2026

Democrats grill CFPB nominee over CapOne, staff-cut plan

Capital One executive Brian Johnson weathered a testy exchange with Sen. Elizabeth Warren over potential conflicts of interest. Johnson said the CFPB has “deficiencies” but is “capable of great good.”

By Dan Ennis • July 24, 2026

Upstart nabs conditional bank charter

“We've been challenged extensively throughout the process, and that's exactly what should happen when an institution is seeking the privilege of becoming a national bank,” an Upstart executive said.

By Gabrielle Saulsbery • July 24, 2026

OCC rejects Wise’s trust charter application over ‘deficiencies’

The British fintech said it plans to submit a new application for a U.S. trust charter under a Genius Act framework.

By Caitlin Mullen • July 24, 2026

GOP lawmakers press Fed’s Bowman for faster bank M&A approvals

Republicans on the House Financial Services Committee this week urged Michelle Bowman to conduct a review of “long-pending applications” focused on “removing obstacles to final action.”

By Caitlin Mullen • July 23, 2026

Warren sounds alarm on CFTC staffing

“The CFTC may be inhibited in meeting [its] mandate due to staffing cuts that threaten to weaken its enforcement,” Sen. Elizabeth Warren wrote to a government watchdog.

By Gabrielle Saulsbery • July 23, 2026

Celsius founders to pay FTC $16.5M

Alex Mashinsky and Shlomi Daniel Leon are banned from marketing or selling products to deposit, exchange, invest or withdraw assets. Hanoch Goldstein must not market or sell crypto-trading products.

By Gabrielle Saulsbery • July 21, 2026

Fed bans former Illinois bank exec

James Burns, a former chief lending officer, approved loans based on inflated appraisals, causing the acquirer of his employer to lose money.

By Gabrielle Saulsbery • July 21, 2026

CFPB nominee Johnson agrees to Capital One recusal

The bank executive, who faces the Senate Banking Committee on Thursday, pledged to forfeit any unvested Capital One restricted stock. The bank, however, is letting him keep bonuses from 2024 and 2025.

By Dan Ennis • July 21, 2026

Citizens to exit agreements with CoreCivic, GEO

Citizens called the end of its relationships with the ICE contractors “a business decision” that “does not reflect any change in our view regarding these companies' business models or operations.”

By Gabrielle Saulsbery • July 20, 2026

Kansas’ Small Business Bank fails

The Fed last month gave the Lenexa, Kansas-based lender 30 days to increase its equity, after two previous enforcement actions. It’s the fourth bank collapse of 2026 and the second in seven days.

By Dan Ennis • July 20, 2026