Fed’s Cook sues Trump over attempted firing

The president’s dismissal of the central bank governor does not meet a “for-cause” standard, attorneys said.

By Dan Ennis • Aug. 28, 2025

The Fed isn’t immune to Trump’s bold choices in a new regulatory wave

In Trump’s first six months, radical moonshots were reserved for the CFPB and NCUA. But the president’s attempt to fire Lisa Cook is the flip of a switch contrasted against the Fed’s relatively slow pace of change.

By Dan Ennis • Aug. 27, 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

FDIC: Capital One-Discover deal dents Q2 bank profit

Aggregate net income for banks insured by the regulator fell 1%, to $69.9 billion, in the quarter, due to higher provision expenses tied to Capital One’s acquisition of Discover.

By Caitlin Mullen • Aug. 27, 2025

CFPB proposes trimming its nonbank purview

A rule proposed Tuesday would restrict the bureau’s ability to supervise nonbanks. The agency aims to adopt a binding, standardized definition of “risks to consumers” that would make enforcement consistent, it said.

By Caitlin Mullen • Aug. 26, 2025

Union: Wells may have secretly recorded meetings

WFWU alleges that the bank was secretly recording in-person bargaining meetings. Wells Fargo denies these claims, saying it “expressly prohibits the recording or transcription of meetings.”

By Gabrielle Saulsbery • Aug. 26, 2025

Trump moves to oust Fed’s Cook ‘effective immediately’

Lisa Cook's lawyer said they will sue to challenge the president, who cited mortgage fraud allegations in a letter firing the central bank governor.

By Dan Ennis • Aug. 26, 2025

4 Jackson Hole takeaways you may have missed

Fed Chair Jerome Powell laid out his dissenters’ opinions, signaled a near-future rate cut – and took a stand against Trumpian pressure. But it may have been lost in continuing bluster.

By Dan Ennis • Aug. 25, 2025

Debanking debate damages regulator, bank confidence, professor warns

To confront the debanking issue, the dean of the law college at the University of Wyoming suggests reforms that tackle regulatory discretion and secrecy.

By Caitlin Mullen • Aug. 25, 2025

JPMorgan to pay $330M to settle 1MDB claims

Swiss authorities, in a connected case, fined the bank $3.7 million after the lender was found guilty of failing to prevent aggravated money laundering.

By Dan Ennis • Aug. 22, 2025

OCC lifts Anchorage Digital consent order

The only cryptocurrency firm with a national bank charter has invested tens of millions of dollars in compliance infrastructure to remedy issues noted in a 2022 consent order, CEO Nathan McCauley said.

By Gabrielle Saulsbery • Aug. 22, 2025

Ex-JPMorgan, PNC, TD bankers banned by OCC

The eight former bankers are prohibited from the industry after regulators found instances of misappropriation of funds and customer impersonation.

By Rajashree Chakravarty • Aug. 22, 2025

Fed’s Waller pushes deeper ties with ‘innovators’

The Federal Reserve has begun “technical research” on financial technology, including tokenization and AI in payments, the central bank governor said Wednesday.

By Justin Bachman • Aug. 22, 2025

CFPB seeks comments for new open banking rule

The agency wants to learn about costs, fees and consumer data risks associated with open banking as it seeks to revise a 2024 rule.

By Justin Bachman • Aug. 22, 2025

Dive Deposits: Ahead of Jackson Hole, the spotlight is everywhere but on Jerome Powell

Mortgage fraud allegations against another Fed governor, Lisa Cook, returned the focus to the Trump team’s push to re-mold the central bank.

By Dan Ennis • Aug. 21, 2025

Customers CEO talks lessons learned from Fed enforcement action

After investing to strengthen its risk management practices, the Pennsylvania bank now seeks to jump on the favorable atmosphere for digital-asset activities.

By Caitlin Mullen • Aug. 21, 2025

Ex-Regions teller banned from banking after alleged theft

Markel O’Neal Calhoun stole nearly $18,000 from the bank last February, the Federal Reserve alleged.

By Gabrielle Saulsbery • Aug. 20, 2025

FDIC would give banks flexibility on digital signage in proposed rule

The proposal focuses display requirements toward screens and webpages most relevant to consumers, simplifying rules for signage on bank websites, mobile apps and ATMs.

By Caitlin Mullen • Aug. 20, 2025

Truist settles web tracker lawsuit

California resident John Tasker sued the North Carolina lender in May for alleged privacy law violations. He filed a similar lawsuit against BMO that remains active.

By Gabrielle Saulsbery • Aug. 19, 2025

Fed nixes novel activities supervision program

The Federal Reserve’s oversight of banks’ crypto and fintech activities will be folded back into the normal supervisory process, the central bank said Friday.

By Gabrielle Saulsbery • Aug. 18, 2025

GOP lawmaker seeks probe into StanChart sanctions case

Rep. Elise Stefanik, R-NY, urged U.S. Attorney General Pam Bondi to launch an investigation into Standard Chartered Bank’s “illicit payments” and related “inaction” from New York’s attorney general.

By Caitlin Mullen • Aug. 18, 2025

DC Circuit reopens path to CFPB firings

The split ruling vacates a preliminary injunction that prevented Trump administration officials from cutting 95% of the bureau’s employees.

By Dan Ennis • Aug. 15, 2025

Trump scraps Biden order that toughened M&A standards

The revocation Wednesday undoes the previous administration’s “flawed philosophical underpinning” for “undue hostility” toward mergers and acquisitions, Trump’s FTC chair said.

By Caitlin Mullen • Aug. 15, 2025

FDIC oversight of large third parties needs clearer goals, OIG says

While the FDIC has “taken steps to establish goals and metrics” in its oversight of large third-parties, they were not “measurable or directly linked to program success factors.”

By Gabrielle Saulsbery • Aug. 15, 2025

Ethics questions cloud Bessent’s assets

The treasury secretary is delayed in complying with a conflict-of-interest agreement to divest certain investments, including farmland. He received an extension and pledged to comply, but that’s not enough for some.

By Dan Ennis • Aug. 14, 2025

Embezzlement cases engulf Alabama, Tennessee bankers

An Alabama banker made roughly 273 fraudulent ACH transactions totaling over $2.3 million, the DOJ said. Last week, the Fed banned an ex-First Horizon banker over embezzlement charges.

By Rajashree Chakravarty • Aug. 14, 2025