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

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

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

Warren presses Fed’s Bowman on tariff stance

The senator grew exasperated when the nominee for vice chair for supervision suggested a wait-and-see approach on Trump policy.

By Caitlin Mullen • April 10, 2025

Lawmakers push House bill on reputational risk

Reps. Andy Barr, R-KY, and Ritchie Torres, D-NY, introduced companion legislation of the Senate’s FIRM Act to remove reputational risk as a component in bank supervision.

By Rajashree Chakravarty • April 10, 2025

House votes to overturn CFPB overdraft rule

The rule that would cap overdraft fees at $5 now goes to President Donald Trump, who has indicated he will sign a measure to nullify the CFPB cap.

By Dan Ennis • April 10, 2025

DOJ scales back crypto enforcement

The Justice Department will stop prosecuting “unwitting” regulatory violations and focus its efforts on going after those who victimize crypto investors or use crypto to support illicit activities.

By Gabrielle Saulsbery • April 9, 2025

‘Fallen off a cliff’: 3 ways Travis Hill wants to boost de novos

Lower upfront capital for “noncomplex” community banks, a revamped application process for fintechs and an open mind toward ILCs are some of the suggestions the FDIC’s acting chief floated Tuesday.

By Dan Ennis • April 9, 2025

Treasury eyes bigger regulatory role, Bessent says

The treasury secretary said he wants regulatory tailoring to ensure smaller community banks matter on a wider scale.

By Caitlin Mullen • April 9, 2025

OCC discloses major hack

Attackers gained unauthorized, prolonged access to the banking regulator’s email system and may have seen numerous messages containing highly sensitive data.

By Elizabeth Montalbano • April 9, 2025

The smaller the CFPB, ‘the better,’ Senate banking chair says

Sen. Tim Scott, R-SC, estimated a timeline for a vote on the nominee to lead the CFPB and detailed how his working relationship with Sen. Elizabeth Warren differs from that with previous Democratic leadership.

By Caitlin Mullen • April 9, 2025

Do growing fintechs need more federal regulation?

State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed. 

By Justin Bachman • April 8, 2025

Fed’s Barr has high hopes for generative AI

It’s only a matter of time before technological advances turn current generative AI issues into “challenges [rather] than insurmountable problems,” Barr said, and bank-fintech partnerships will accelerate those innovations.

By Gabrielle Saulsbery • April 7, 2025

Citi, BofA pay packages spur pushback from proxy advisers

Glass Lewis changed its recommendation on Citi after the bank issued an updated disclosure explaining $52.25 million in pay to its head of banking, Vis Raghavan.

By Dan Ennis • April 7, 2025

Capital One-Discover deal detractors assail reported DOJ approval

Capital One’s $35.3 billion purchase faces two remaining federal approvals — and plenty of critics who expect consumers will face higher costs.

By Justin Bachman • April 7, 2025

CFPB to revamp small-business data-collection rule

The bureau backed its court opponent’s bid to stay the compliance date of the rule because it intends to issue a new one, it said.

By Dan Ennis • April 4, 2025

Gould’s OCC nomination advances to full Senate

Sen. Tim Scott, R-SC, said Jonathan Gould will stop “politically motivated debanking,” while Sen. Elizabeth Warren, D-MA, asserted Gould’s track record suggests he’ll do “what’s in the best interest of Wall Street.”

By Caitlin Mullen • April 4, 2025

Senator wants FDIC OIG probed over allegations of fund misuse

Whistleblowers said the office’s special agent in charge conducted a fraudulent temporary duty scheme, while two other officials made “wasteful mass purchases,” including defective law enforcement gear.

By Gabrielle Saulsbery • April 4, 2025

DOJ denied appeal of CFPB injunction

Freezing the CFPB at its Biden-era headcount is “problematic,” the Justice Department argued, saying the bureau was meant to employ 1,000 people at most, at its founding. Oral arguments are set for April 9 at an appeals court.

By Dan Ennis • April 3, 2025

Amex opposes shareholder proposal over diversity incentives

A conservative legal group wants American Express to end financial incentives for executives who source diverse suppliers, although the card issuer says it doesn’t offer those anymore.

By Patrick Cooley • April 2, 2025