Regulations & Policy
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Courtesy of Ally Financial
Ally’s DEI suit dismissed after bank reduces emphasis
America First Legal dropped its lawsuit against Ally Financial last week after the lender largely scrubbed diversity references from its public filings.
By Gabrielle Saulsbery • April 11, 2025 -
Kevin Dietsch / Staff via Getty Images
Dimon points to ‘turbulence,’ sees uncertainty persisting through July
The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.
By Caitlin Mullen • April 11, 2025 -
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TrendlineM&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 -
Kayla Bartkowski / Staff via Getty Images
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 -
Chip Somodevilla / Staff via Getty Images
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 -
Win McNamee via Getty Images
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 -
Getty Images/Staff via Getty Images
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 -
Retrieved from FDIC on January 13, 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 -
Kayla Bartkowski / Staff via Getty Images
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 -
Retrieved from OCC.
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 -
Bonnie Cash / Stringer via Getty Images
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 -
Dilok Klaisataporn via Getty Images
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 -
Win McNamee via Getty Images
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 -
Lumos Ajans via Getty Images
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 -
Joe Raedle / Staff via Getty Images
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 -
Anna Moneymaker via Getty Images
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 -
Chip Somodevilla / Staff via Getty Images
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 -
Anna Hrushka/Banking Dive
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 -
Anna Moneymaker / Staff via Getty Images
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 -
Scott Olson via Getty Images
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 -
Win McNamee via Getty Images
‘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 -
Retrieved from OCC.
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 -
JHVEPhoto via Getty Images
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 -
Andrew Harnik via Getty Images
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 -
Permission granted by Office of the Comptroller of the Currency
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 -
uschools via Getty Images
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
