Wells Fargo faces labor board complaint over union vote

The National Labor Relations Board alleged the lender threatened and retaliated against workers in favor of unionization at a California branch.

By Rajashree Chakravarty • Feb. 13, 2025

CFPB in ‘trauma’

A look at changes at the bureau in the second Trump era — from cycling out Rohit Chopra to bringing in DOGE and an acting chief who ordered employees to stop working.

By Dan Ennis • Feb. 13, 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

Why the rampant underreporting of fraud? Shame, panelists say

Push-payment scams are at a "crisis level," consumer advocates at a Banking Dive event said, with losses totaling perhaps more than 15 times what's reported.

By Gabrielle Saulsbery • Feb. 12, 2025

OCC to leave central bank climate coalition

Participation in the Network for Greening the Financial System falls outside the agency’s “statutory responsibilities,” Acting Comptroller Rodney Hood said. The Federal Reserve and FDIC left the coalition last month.

By Zoya Mirza • Feb. 12, 2025

‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0

While Bank of America CEO Brian Moynihan called the recent regulatory shift “classic re-engineering,” one peer exec said the changes “are taking all the oxygen in the room.”

By Caitlin Mullen • Feb. 12, 2025

Discover flags potential Capital One merger delay

The card network said it now expects the transaction to be completed by May 19, as the companies await regulatory approvals.

By Patrick Cooley • Feb. 12, 2025

CFTC alum, crypto lobbyist tapped to lead agency

Brian Quintenz was previously appointed to the Commodity Futures Trading Commission by two presidents. In the private sector, he’s spent two years as head of crypto policy for investor a16z.

By Gabrielle Saulsbery • Feb. 12, 2025

OCC vet Gould nominated to lead agency

Jonathan Gould spent roughly three years at the OCC, from 2018 to 2021, and has focused heavily on financial services throughout his career.

By Gabrielle Saulsbery • Feb. 12, 2025

Ex-FDIC official McKernan tapped to lead CFPB

The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.

By Dan Ennis • Feb. 12, 2025

CFPB’s enforcement, supervision chiefs step down

The moves come after the bureau’s new leaders issued stop-work orders – and threatened personnel action in cases of “insubordination.”

By Dan Ennis • Feb. 11, 2025

McKernan resigns from FDIC board

Jonathan McKernan is vacating his seat in keeping with an FDIC rule that no more than three board members be of the same political party. Republican Rodney Hood was named acting OCC chief Friday.

By Rajashree Chakravarty • Feb. 11, 2025

Warren calls for probe of FDIC rescinding job offers

Sen. Elizabeth Warren and three other senators called on the FDIC Office of Inspector General to look into the agency’s move to withdraw bank examiner job offers, given the staffing challenges the FDIC already faced.

By Caitlin Mullen • Feb. 11, 2025

Senators reintroduce bill to bar CBDC

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

By Lynne Marek • Feb. 10, 2025

Bank of America bumps Moynihan’s pay to $35M for 2024

BofA CEO Brian Moynihan received a 21% pay raise, according to a Friday filing. Capital One disclosed a $31 million incentive to CEO Richard Fairbank on the same day.

By Rajashree Chakravarty • Feb. 10, 2025

Ex-NCUA chief tapped to be OCC acting comptroller

Rodney Hood said he “will work diligently to promote a regulatory environment that is effective without being excessive.”

By Caitlin Mullen • Feb. 10, 2025

CFPB’s future hangs in the balance after a wild weekend

A new acting chief halted agency supervision and enforcement and told the Federal Reserve he wouldn't take any unappropriated funds next quarter.

By Dan Ennis • Feb. 10, 2025

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

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