The Latest

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    Warren grills Capital One CEO over CFPB nominee

    The Democratic senator wanted to know if Capital One executive-turned-CFPB nominee Brian Johnson had any role in the bureau’s termination of a lawsuit against the bank.

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    Supreme Court rules Trump can’t fire Fed’s Cook

    Justices voted 5-4 that Lisa Cook should remain at the central bank, despite the president’s attempt to remove her. The court, however, expanded presidential powers to fire other federal appointees.

  • A sign above an ATM at a Capital One Café on February 19, 2024, in Miami, Florida.
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    Joe Raedle / Staff via Getty Images
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    Capital One aims to be ‘steady partner’ amid Texas consolidation

    With so many banks angling to serve Texas businesses, it’s “a difficult market to compete in,” said the president of the lender’s corporate banking segment.

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    Lawmakers reintroduce cannabis banking reform

    Sen. Jeff Merkley and others have once again reintroduced cannabis banking reform, this time in new waters – following the rescheduling of medical cannabis.

  • The Morgan Stanley sign is seen at the entrance of a building.
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    Stephen Chernin via Getty Images
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    Morgan Stanley gets OCC’s conditional approval for trust charter

    The digital-asset trust must maintain at least $50 million in tier 1 capital and obtain the regulator’s nonobjection for any changes to the business or directors.

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    Two Southeast banks to merge in $163M deal

    When it buys First Reliance, Colony Bank will become the largest sub-$10 billion-asset bank headquartered in Georgia or South Carolina, the acquirer said.

  • The entrance to the Consumer Financial Protection Bureau headquarters is seen, with the bureau's logo on a glass door.
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    Anna Moneymaker / Staff via Getty Images
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    CFPB overhauls complaint system to curb ‘abuse’

    Citing a dramatic increase in credit reporting complaint volume, the bureau said its fixes would “restore integrity” to the system. But consumer advocates said changes will make it increasingly difficult for consumers to get help from the agency.

  • A close-up of the name "J.P. Morgan" is shown on a glass door.
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan’s Lake exits as Petno, Rohrbaugh named co-presidents

    Longtime executives Doug Petno and Troy Rohrbaugh will each hold two roles, as Marianne Lake – previously seen as a potential successor to CEO Jamie Dimon – retires from the company.

  • an always knicks sign displayed with photos of players at madison square garden in new york city
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    wellesenterprises via Getty Images
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    JPMorgan exec in Knicks trash can video has left the bank

    Angie Baez, who worked as an executive director of community and industry engagement for card and connected commerce, received $175 in fines after returning the bin, taken after a parade last week. 

  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Big banks breeze through Fed’s stress test

    But the results don’t affect banks’ minimum regulatory capital requirements this year, in light of the central bank’s freeze of 2025 stress capital buffers.

  • Wisconsin’s Welcome Sign on the I-90 highway.
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    Sanghwan Kim via Getty Images
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    Banks strike deals in Michigan, Wisconsin

    A deal in Michigan is set to create a $1.68 billion-asset bank. Another, in Wisconsin, will create a $3.1 billion-asset institution.

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    Anna Moneymaker / Staff via Getty Images
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    GOP senator slams banks over deposit posting

    Sen. Bernie Moreno, R-OH, threatened legislative action Tuesday if banks don't voluntarily change the order in which they post transactions, saying that posting customers’ withdrawals before deposits can trigger overdraft fees.

  • Fiserv's headquarters in downtown Milwaukee
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    Column

    Dive Deposits: Fiserv’s CEO switch cements JPMorgan alum’s next chapter

    The payments processor turned to Takis Georgakopoulos when Mike Lyons left for Truist. If the new CEO’s name sounds familiar, that may be because of a dust-up with Greek fintech Viva Wallet.

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    Courtesy of KeyBank
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    KeyBank bets on relationships over tech budgets

    Still, midsize lenders must take “more progressive, larger steps” to meet evolving customer expectations, said Emily Gessner, who jumps from a consumer to a commercial role at the bank next month.

  • A bald man in a dark suit and tie sits at a desk in front of a microphone.
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    Andrew Harnik via Getty Images
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    Senate Democrats press Vought on CFPB website deletions

    “Your decision deprives Americans of key resources and is yet another giveaway to companies intent on scamming the public of their hard earned dollars,” the senators, led by Elizabeth Warren, wrote.

  • Data Scientist Reviewing Reports Of Risk Management Department
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    What Navy Federal found in its synthetic data pilot

    Working with Qualtrics, the credit union found clear cases where synthetic data can deliver. But when it comes to emotions, human research wins out.

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    Alexi J. Rosenfeld via Getty Images
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    Ex-NY governor to lead blockchain venture between OKX, NYSE owner

    A venture between crypto firm OKX and Intercontinental Exchange aims to focus on building infrastructure for tokenized financial products.

  • Tall office buildings with snowy mountains in the background.
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    Fintech partner to rebrand to Quill Bank

    Utah-based Capital Community Bank is set to launch a revamped website June 30, with a mission to lend credibility and “banking backbone” to fintech partners.

  • Office spaces and chairs are seen within the interior of a bank branch.
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    Flagstar CIO: Proprietary tech creates ‘optionality’

    The regional bank said StarIQ, its generative AI system, “was built specifically for regulated financial services environments.”

  • CFPB open banking banks Russell Vought fintechs
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    Anna Moneymaker via Getty Images
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    Court denies 45-day deadline to rule on CFPB staff-cut case

    Now the district judge who issued a preliminary injunction – halting workforce reductions at the bureau – will review the agency’s plan to shed more than half of its jobs.

  • an executive speaks during a conference
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    Roberto Torres/Banking Dive
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    AI lessons learned from 3 SMB banks

    Starting with targeted use cases, focusing on underlying data and managing change are key to successful use cases, banking leaders said.

  • The front of a two-story brick bank building with the company name and logo.
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    "Webster Bank, Hamden, CT" by John Phelan is licensed under CC BY-SA 3.0
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    Santander-Webster deal gets OCC approval

    The $12.3 billion acquisition, which also needs a green light from the Federal Reserve and European Central Bank, got the OCC’s go-ahead 74 days after the application was submitted.

  • Tall Dallas buildings against a blue sky.
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    Spencer Platt via Getty Images
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    MidFirst Bank to buy Dallas-based commercial bank

    The proposed deal, expected to close in the second half of this year, follows MidFirst’s 2024 acquisition of six Houston-area locations from Amerant Bank.

  • A close-up shot of an older person holding a mobile phone.
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    How Fifth Third, Star One are fighting elder fraud

    The regional bank and California credit union are implementing strategies aimed at detecting scams earlier and being more proactive.

  • A Bank of America office location is shown, with the bank's flag logo and "Bank of America" signage on the building front.
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    Caitlin Mullen/Banking Dive
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    JPMorgan, BofA, others challenge the BNPL space

    Buy now, pay later players, including Klarna and Affirm, are facing more competition as financial institutions begin offering installment payment options.