CFPB’s top enforcement official resigns

Cara Petersen, the bureau’s principal deputy enforcement director, bemoaned “thoughtless reductions in staff, inexplicable dismissals of cases, and terminations of negotiated settlements” in an email Tuesday.

By Dan Ennis • June 11, 2025

CFTC nominee Quintenz seeks to leverage crypto expertise

Brian Quintenz, who served as CFTC commissioner from 2017 to 2021, is Andreessen Horowitz’s head of crypto policy initiatives.

By Rajashree Chakravarty • June 10, 2025

Explore the Trendline➔

Top 5 stories from Banking Dive

Since the approval of Capital One’s acquisition of Discover, banks have increasingly waded into new deals. Beyond that, they’ve doubled down on strategy, from organic growth to branch placement to app design.

By Banking Dive staff

OCC rejects call to rescind preemption rule

Acting Comptroller Rodney Hood called preemption a “cornerstone of the dual banking system.”

By Gabrielle Saulsbery • June 10, 2025

Citi offers hybrid employees 2 weeks of remote work in August

The perk stands in contrast to tightening in-office requirements at JPMorgan Chase, BNY, Royal Bank of Canada and, most recently, Scotiabank.

By Dan Ennis • June 10, 2025

6 takeaways from Michelle Bowman’s first speech as Fed vice chair

Following her confirmation, Bowman laid out plans to unravel some of the rules put in place since Dodd-Frank to better tailor them to institutions of varying sizes.

By Gabrielle Saulsbery • June 9, 2025

Senate Republicans would cut off CFPB funding from Fed

A version of the “One Big, Beautiful Bill” from Friday would also cut pay for the Fed’s non-monetary policy employees and eliminate the Office of Financial Research.

By Dan Ennis • June 9, 2025

Capital One to give CEO Fairbank a $30M award

The bank’s CFO, general counsel and two other executives are also set to receive multimillion-dollar bonuses over “ongoing and anticipated” work to integrate newly acquired Discover into the bank.

By Dan Ennis • June 6, 2025

Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG

The shuttered Chicago-based lender had deposit liabilities of nearly $20.7 million unaccounted for in its core system, the regulator’s office found.

By Rajashree Chakravarty • June 5, 2025

Senate confirms Bowman as Fed supervision czar

The 48-46 party-line vote hints at partisan rancor and concern by Democrats about deregulation and the central bank’s independence.

By Dan Ennis • June 5, 2025

BlackRock removed from Texas divestment list

Texas’ comptroller said BlackRock is no longer considered to be “boycotting” fossil fuels and its change in climate alliance participation was “directly related” to the state’s divestment list.

By Lamar Johnson • June 4, 2025

Citi drops firearms restriction in a bow to conservative pressure

The bank updated a 7-year-old policy, enacted after the Parkland school shooting, over concerns about “fair access” months after Republicans accused some institutions of political de-banking.

By Dan Ennis • June 4, 2025

Fed lifts Wells Fargo’s asset cap

The regulator’s board lifted the $1.95 trillion asset cap the bank has operated under since 2018, but certain provisions of the consent order remain.

By Caitlin Mullen • June 3, 2025

DOJ seeks early end of Lakeland’s redlining consent order

The New Jersey bank settled redlining allegations in September 2022 and entered into a five-year consent order. The Justice Department wants to terminate it two years ahead of schedule.

By Gabrielle Saulsbery • June 3, 2025

Dive Deposits: For Wells Fargo and NatWest, it’s the summer of looking forward

Both banks would probably argue they’ve been future-focused for years. But with the U.K. divesting from NatWest, and Wells’ asset-cap days waning, policymakers, too, are pivoting from 2008 and 2016.

By Dan Ennis • June 2, 2025

CFPB files for summary judgment in open banking case

The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.

By Lynne Marek • June 2, 2025

Regulatory clarity ‘foundational’ for crypto: Gemini CFO

Newly minted Gemini CFO Dan Chen emphasized the importance of clear regulatory frameworks as the Trump administration continues to woo the crypto industry.

By Grace Noto • June 2, 2025

Wells Fargo clears penultimate consent order; asset cap remains

The 2015 order brought by the OCC was the 13th closed since 2019 and the seventh this year. CEO Charlie Scharf indicated Wednesday the bank is inching closer to freedom from the $1.95 trillion asset cap. 

By Rajashree Chakravarty • May 30, 2025

Dive Deposits: RBC has its eyes on the end of summer with RTO push

The Canadian bank wants its hybrid employees in the office four days a week starting in September, something it's been laying groundwork for since 2023.

By Dan Ennis • May 30, 2025

Baltimore drops lawsuit over CFPB’s move to return funds

Bureau leadership found there was no mechanism to transfer money the Federal Reserve had given the agency. Consumer advocates warned they could sue again if the CFPB tries again to defund itself.

By Dan Ennis • May 30, 2025

Bank profits rise in Q1

The FDIC’s 4,462 insured banks saw a 1.16% return on assets and net income of $70.6 billion in the first quarter.

By Gabrielle Saulsbery • May 29, 2025

Wells Fargo’s Scharf assured over asset cap’s potential end

“We’re not done, but we’re a hell of a lot closer to the end than the beginning, at this point,” the CEO said Wednesday.

By Caitlin Mullen • May 28, 2025

Fed stress test court case paused until Aug. 1

Trade groups cited the central bank’s “progress” in proposing that lenders’ capital requirements be determined through a two-year average of stress test results.

By Dan Ennis • May 28, 2025

Supreme Court exempts Fed from Trump firings

A carve-out in last week’s SCOTUS emergency decision on agency official firings “poses a puzzle,” because the central bank’s independence rests on the same foundations as other federal agencies, a dissenting justice wrote.

By Caitlin Mullen • May 27, 2025

DOJ, CFPB seek to end Trustmark redlining consent order early

The agencies argue the bank paid its $5 million penalty and put money in a loan subsidy program. But the case signaled the start of a concerted Biden-era effort to fight lending discrimination.

By Dan Ennis • May 27, 2025

CFTC’s Kristin Johnson to exit, shrinking team further

Johnson’s pending departure this year follows announcements last week that fellow commissioners Christy Goldsmith Romero and Summer Mersinger would leave at the end of this month.

By Rajashree Chakravarty • May 22, 2025