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

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

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

‘Stalled in the starting blocks’: Banks await certainty as Trump policies chill M&A

Tariff volatility has roiled bank stocks, creating roadblocks for some would-be mergers and acquisitions that lean on valuations, analysts said.

By Caitlin Mullen • April 2, 2025

OCC ends climate risk guidance for large banks

Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."

By Zoya Mirza • April 1, 2025

Tennessee ends Wells Fargo probe after bank scraps net-zero target

The state's attorney general, Jonathan Skrmetti, "commend[ed] Wells Fargo’s pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.

By Rajashree Chakravarty • April 1, 2025

Judge grants preliminary injunction in CFPB case

The agency must reinstate fired probationary and term employees and can’t enact mass reductions in force, the court said. The injunction also lifts CFPB Acting Director Russ Vought’s stop-work order.

By Dan Ennis • March 31, 2025

Acting comptroller Hood revamps OCC unit

After restructuring, the Office of External Relations and Strategic Partnerships will be headed by Andrew Moss, Rodney Hood’s acting chief of staff. 

By Rajashree Chakravarty • March 28, 2025

Fed, OCC, FDIC seek to rescind CRA final rule

Federal banking regulators pointed to pending litigation as the reason for pulling back the 2023 rule.

By Gabrielle Saulsbery • March 28, 2025

Senate votes to overturn CFPB overdraft rule

The bureau’s measure to cap overdraft at $5 is a House vote and presidential signature away from being repealed.

By Dan Ennis • March 28, 2025

CFPB withdraws ‘inappropriate’ filing in NY AG’s suit against Citi

The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never been embraced by any federal court prior.”

By Gabrielle Saulsbery • March 27, 2025