The Latest

  • A sign hangs above an entranceway to a Capital One Café on February 19, 2024, in Miami, Florida.
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    Capital One readies for Discover integration work

    With Discover, “we will be going back into the world of data centers” for “a number of years,” Capital One CEO Richard Fairbank said Tuesday.

  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Warren presses Bowman on Evolve supervision lapses

    Elizabeth Warren and three other senators questioned the Fed governor on her role in the lender’s supervision and accused her of ignoring “clear warning signs … leading up to the Evolve-Synapse meltdown.”

  • coinbase logo with coins stacked in front of it
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    Justin Sullivan via Getty Images
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    Coinbase considers applying for federal bank charter

    Regulatory willingness to work with crypto seems to have inspired Coinbase, and reportedly others, to engrain themselves deeper into the traditional financial sector.

  • A view of the historic Old Florida State Capitol building, which sits in front of the current New Capitol, on November 10, 2018 in Tallahassee, Florida.
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    Mark Wallheiser via Getty Images
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    MidFlorida Credit Union buys Tallahassee bank

    Acquiring Prime Meridian Bank would give MidFlorida a physical presence in the state’s panhandle. It's the credit union’s third bank purchase since 2019.

  • Jerome Powell
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    Chip Somodevilla via Getty Images
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    Trump backs off his push to fire Fed’s Powell

    Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

  • FedNow Federal Reserve Bank
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    Mesut Dogan via Getty Images
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    FedNow draws 1,300 financial firms

    The instant payments service has attracted mostly small and mid-sized financial services firms as it inches up adoption by financial institutions.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC aims to reduce workforce by 1,250

    An internal memo sent Monday aligns with earlier reports that the Department of Government Efficiency was targeting the FDIC for staff cuts. Cuts at another agency, the CFPB, remain up in the air after a judge blocked them.

  • Consumer Financial Protection Bureau banks regulation
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    Anna Moneymaker via Getty Images
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    CFPB defends analysis behind 90% job cuts

    A 200-person workforce would allow the bureau to fulfill statutory obligations “and better aligns with the new leadership’s priorities and management philosophy,” attorneys for the agency said.

  • A sign reading "bank" hangs on a building.
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    assalve via Getty Images
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    Banks gear up to boost cybersecurity, cloud and data spending

    In the race to scale generative AI capabilities, executives plan to increase foundational technology investments, according to Broadridge.

  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC scraps some large bank living will requirements

    Instead of requiring a bridge bank strategy, the FDIC wants large banks to describe one or more potential resolution strategies the regulator could execute, it said Friday.

  • Michael Barr, Federal Reserve Board official, speaks during a Congressional hearing as other people sit behind him.
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    Alex Wong / Staff via Getty Images
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    Banks must fight deepfakes with better AI, Barr says

    One in 10 companies have been targeted in deepfake scams. Banks, on the front lines of fraud detection, must rise to the occasion with better AI tools, according to Fed Gov. Michael Barr.

  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Column

    Dive Deposits: The OCC’s supervision streamlining may have been lost in the shuffle

    The agency combined an office overseeing large banks with another looking after midsize and community banks. But merger news and big drama at the CFPB seemingly dwarfed the OCC developments.

  • Patrick McHenry speaks during a news conference
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    Drew Angerer via Getty Images
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    Lazard hires ex-House Financial Services panel chair

    Former Rep. Patrick McHenry, R-NC, will join the bank Wednesday as a senior adviser on public policy, financial services, fintech and artificial intelligence matters. 

  • The Citi building framed by surrounding towers in London’s Canary Wharf on March 19, 2025.
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    Nirian via Getty Images
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    Citi eyes AI productivity gains as it consolidates data systems

    “I’m not sure any bank finishes its modernization,” CEO Jane Fraser told investors during an earnings call last week.

  • 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-Discover deal gets nod from Fed, OCC

    Regulators, however, handed Discover several consent orders. Most notably, the FDIC ordered the company to distribute $1.225 billion in restitution to customers overcharged between 2007 and 2023.

  • Consumer Financial Protection Bureau banks
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    Kayla Bartkowski via Getty Images
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    Judge again halts CFPB’s 1,500 layoffs

    The bureau sent reduction-in-force notices to roughly 90% of its staff Thursday, with plans to cut off terminated employees’ access to CFPB systems at 6 p.m. Friday. A judge intervened.

  • The Federal Reserve building at sunset.
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    Douglas Rissing via Getty Images
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    Fed proposes stress-test makeover

    The central bank’s proposed changes would reduce year-over-year fluctuations in capital requirements. The regulator also plans to announce further tweaks – around transparency – later this year.

  • President Donald Trump speaks in the Oval Office of the White House on April 7, 2025.
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    Kevin Dietsch via Getty Images
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    Trump fires NCUA board’s 2 Democrats

    The removal of Todd Harper and Tanya Otsuka may put other regulators at risk, including Fed Chair Jerome Powell, whose termination, the president said Thursday, “cannot come soon enough.”

  • 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 shifts focus away from nonbanks, fair lending cases

    An 11-point memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties on companies in order to simply fill the Bureau’s penalty fund,” the CFPB’s legal chief wrote.

  • An aerial view of a city skyline at sunset over a river.
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    DutcherAerials via Getty Images
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    Former HSBC exec talks career switch to fintech

    HSBC was Episode Six’s second client. The exec who inked the partnership, Brian Muse-McKenney, saw so much promise in the fintech’s offerings that he jumped ship from the C-suite to join it.

  • A bank branch is shown with the "Regions" name on the exterior of the building.
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    Inside Regions’ effort to upskill its SMB, mass-affluent bankers

    The regional lender is honing the way a group of its bankers manage small-business customer relationships as competition rises in the Southeast.

  • Oregon State capitol
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    "Oregon Capitol" by ZehnKatzen is licensed under CC BY 3.0
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    Oregon credit union to buy in-state bank

    Salem-based Maps Credit Union’s purchase of Lewis & Clark Bank marks the fourth whole-bank acquisition proposed by a credit union this year.

  • OCC
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    Retrieved from OCC.
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    OCC takes stock of breach as some banks limit info sharing

    JPMorgan Chase has stopped sharing information electronically with the agency, a source told Banking Dive. BNY and Bank of America have reportedly done likewise.

  • A stone sign reads "U.S. Bankruptcy Court."
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    BaaS startup Solid files for bankruptcy

    Arjun Thyagarajan, the company's CEO and co-founder, filed for Chapter 11 in a Delaware court, citing “costly litigation” and an inability to raise capital since 2022.

  • A man sits at a table as photographers stand over him.
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    Andrew Harnik via Getty Images
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    CFPB’s Vought wants to strip away ‘guidance’ en masse

    The bureau’s acting director said the Biden administration used guidance as a substitute for formal regulation and gave eight CFPB offices two weeks to save any previous guidance they deem necessary.