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

Explore the Trendline➔

The Banking Dive Outlook on 2022

Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.

By Banking Dive staff

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

OCC nominee Gould aims to ‘shine a spotlight’ on de-banking

“I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.

By Caitlin Mullen • March 27, 2025

CFPB pushes to vacate Townstone settlement, refund mortgage lender

The bureau identified the redlining case against Townstone Financial as “abusive” and “unjust” and plans to make the company whole by returning the $105,000 penalty it paid. 

By Rajashree Chakravarty • March 27, 2025

Republicans air CFPB grievances, jockey for changes at agency

Rep. Andy Barr, R-KY, called the bureau an “Orwellian predator,” at a hearing where several lawmakers proposed reforms, including making the bureau a five-member commission.

By Caitlin Mullen • March 26, 2025

FDIC ‘plans to eradicate’ focus on reputational risk

Two bank regulators and the head of the Senate Banking Committee have called to put an end to a regulatory focus on reputational risk this month.

By Gabrielle Saulsbery • March 26, 2025

Fed hands Tennessee bank a cease-and-desist order

The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.

By Rajashree Chakravarty • March 25, 2025

JPMorgan rebrands DEI, leaves net-zero group

The bank said it will swap in “opportunity” for “equity” in its DEI policy and that it left Net-Zero Asset Managers over the group’s operational pause.

By Lamar Johnson • March 24, 2025

Fed’s Bowman: Let’s rethink negative comment review for bank applications

Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.

By Caitlin Mullen • March 24, 2025

OCC to stop examining for reputational risk

“The OCC has not and does not make business decisions for banks,” Acting Comptroller Rodney Hood said, adding that future exams will focus on more transparent risk areas.

By Rajashree Chakravarty • March 21, 2025

FDIC OIG report underscores attrition, brain drain concerns at regulator

Skill loss is a key risk as examiners leave the FDIC, “especially those with advanced IT skillsets who examine risks at the most complex banks,” the watchdog’s report said.

By Caitlin Mullen • March 21, 2025