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

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

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

Headquarters-based staff will work remotely this week after a new acting chief halted agency supervision and enforcement and told the Fed he wouldn't take any unappropriated funding 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

Fed terminates 2 Wells Fargo consent orders

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.

By Gabrielle Saulsbery • Feb. 4, 2025

OCC dings Ohio, Illinois banks on CRA ratings

The regulator issued “needs to improve” ratings to First Federal Savings & Loan Association of Lorain, Ohio, and United Trust Bank in Palos Heights, Illinois.

By Caitlin Mullen • Feb. 4, 2025

Chopra leaves CFPB in widely expected move

President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement posted to the agency’s website.

By Dan Ennis • Feb. 3, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Trump-era CFPB has full plate following Chopra’s flurry of activity

As Republicans mull unwinding Biden-era CFPB policies, Chopra’s strategy seems to have been “to make that as hard as possible by making the list as long as possible,” said a panelist during a Thursday webinar.

By Caitlin Mullen • Jan. 31, 2025

Banking sector girds for M&A uptick in 2025

Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?

By Rajashree Chakravarty • Jan. 31, 2025

Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

By Zoya Mirza • Jan. 31, 2025