Relaxed regulatory oversight spurs bank-crypto activity

Since January, federal bank regulators have done an about-face on crypto guidance, inspiring banks to explore the space.

By Gabrielle Saulsbery • April 30, 2025

Warren, Chopra warn of ‘real price to pay’ on DOGE

The former CFPB director pointed to a rise in uninsured deposits amid recent market turmoil.

By Caitlin Mullen • April 29, 2025

Explore the Trendline➔

M&A

President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

By Banking Dive staff

Appeals court backs injunction barring CFPB mass firing

The bureau’s 1,483-person reduction will remain halted through May 16. A three-judge panel walked back language concerning “particularized assessments” of employees’ necessity. One judge dissented.

By Dan Ennis • April 29, 2025

Wells Fargo clears 12th consent order; 2 remain

The 2018 consent order the CFPB lifted is the bank’s sixth to be resolved this year. The two remaining include the Federal Reserve’s asset cap. 

By Rajashree Chakravarty • April 28, 2025

Nexo reenters US market

Co-founder Antoni Trenchev credited the regulatory shift under Trump for the firm’s reemergence in the U.S. Nexo’s exit was preceded by failed regulatory talks and followed by a $45 million SEC fine.

By Gabrielle Saulsbery • April 28, 2025

[Podcast] Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations

M&A is surging—are banks ready for the compliance challenges? Tune in to Arcesium’s podcast for expert insights.

By Banking Dive's studioID • April 28, 2025

Warren grills FDIC’s Hill over DOGE incursion

Four senators argued DOGE’s presence could threaten the $137 billion Deposit Insurance Fund, potentially undermining the FDIC's ability to oversee orderly bank resolutions.

By Rajashree Chakravarty • April 25, 2025

Fed joins FDIC, OCC in withdrawing crypto-skeptical guidance

The guidance withdrawals “ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system,” the Federal Reserve said Thursday.

By Gabrielle Saulsbery • April 25, 2025

CFPB workers’ union rebuts bureau’s job-cut justification

Evidence indicates the bureau didn’t conduct a court-required assessment before attempting to cut about 90% of its staff, and the layoffs would have left CFPB data “irreparably lost,” plaintiffs said.

By Caitlin Mullen • April 24, 2025

Trump backs off his push to fire Fed’s Powell

Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

By Dan Ennis • April 23, 2025

CFPB defends analysis behind 90% job cuts

A 200-person workforce would allow the bureau to fulfill statutory obligations “and better aligns with the new leadership’s priorities and management philosophy,” attorneys for the agency said.

By Caitlin Mullen • April 22, 2025

FDIC scraps some large bank living will requirements

Instead of requiring a bridge bank strategy, the FDIC wants large banks to describe one or more potential resolution strategies the regulator could execute, it said Friday.

By Caitlin Mullen • April 21, 2025

Fed proposes stress-test makeover

The central bank’s proposed changes would reduce year-over-year fluctuations in capital requirements. The regulator also plans to announce further tweaks – around transparency – later this year.

By Gabrielle Saulsbery • April 18, 2025

Capital One-Discover deal gets nod from Fed, OCC

Regulators, however, handed Discover several consent orders. Most notably, the FDIC ordered the company to distribute $1.225 billion in restitution to customers overcharged between 2007 and 2023.

By Dan Ennis • April 18, 2025

Judge again halts CFPB’s 1,500 layoffs

The bureau sent reduction-in-force notices to roughly 90% of its staff Thursday, with plans to cut off terminated employees’ access to CFPB systems at 6 p.m. Friday. A judge intervened.

By Dan Ennis • April 18, 2025

Trump fires NCUA board’s 2 Democrats

The removal of Todd Harper and Tanya Otsuka may put other regulators at risk, including Fed Chair Jerome Powell, whose termination, the president said Thursday, “cannot come soon enough.”

By Dan Ennis • April 17, 2025

CFPB shifts focus away from nonbanks, fair lending cases

An 11-point memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies in order to simply fill the Bureau’s penalty fund,” the CFPB’s legal chief wrote.

By Gabrielle Saulsbery • April 17, 2025

OCC takes stock of breach as some banks limit info sharing

JPMorgan Chase has stopped sharing information electronically with the agency, a source told Banking Dive. BNY and Bank of America have reportedly done likewise.

By Gabrielle Saulsbery • April 16, 2025

CFPB’s Vought wants to strip away ‘guidance’ en masse

The bureau’s acting director said the Biden administration used guidance as a substitute for formal regulation and gave eight CFPB offices two weeks to save any previous guidance they deem necessary.

By Dan Ennis • April 15, 2025

Edward Jones resubmits ILC charter application

The investment firm originally sought a charter in 2020, but abandoned its efforts in 2022. It still plans to move forward with its retail banking partnership with U.S. Bank this year.

By Gabrielle Saulsbery • April 15, 2025

Bank of America ordered to pay FDIC $540M in risk lawsuit

A judge’s decision, made public Monday, marks the latest development in a yearslong legal fight between the bank and the regulatory agency over the unpaid deposit insurance assessments.

By Caitlin Mullen • April 15, 2025

CFPB drops case against Comerica

The bureau dismissed the case without prejudice – meaning it could refile the lawsuit – setting it apart from other recent dismissals by the Russ Vought-led CFPB.

By Caitlin Mullen • April 14, 2025

Appeals court allows some CFPB firings

The bureau can terminate employees who are determined, after an individualized assessment, to be unnecessary to the agency’s statutory duties, a three-judge panel ruled.

By Dan Ennis • April 14, 2025

Ally’s DEI suit dismissed after bank reduces emphasis

America First Legal dropped its lawsuit against Ally Financial after the lender largely scrubbed diversity references from its public filings.

By Gabrielle Saulsbery • Updated April 28, 2025

Dimon points to ‘turbulence,’ sees uncertainty persisting through July

The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.

By Caitlin Mullen • April 11, 2025