Regulations & Policy
-
Anna Hrushka/Banking Dive
FDIC eyes change in reserve ratio calculation
Acting Chair Travis Hill suggested the agency use total liabilities rather than insured deposits as the denominator in the formula. The FDIC on Tuesday also rescinded a bank merger policy update from last year.
By Dan Ennis • May 21, 2025 -
Tasos Katopodis / Stringer via Getty Images
House follows Senate in overturning OCC merger review rule
The joint resolution to roll back the regulator’s 2024 merger rule now heads to the president for a signature.
By Caitlin Mullen • May 21, 2025 -
Explore the Trendline➔
wildpixel via Getty Images
TrendlineThe Banking Dive Outlook on 2022
Some narratives in 2022, such as office returns, will seem like a logical progression from the year before. Others, such as the regulatory sphere and shift toward smaller M&A, may mark a big shift from the previous 12 months.
By Banking Dive staff -
Kevin Dietsch / Staff via Getty Images
JPMorgan’s Dimon talks regulatory changes, crypto
The CEO didn’t mince words Monday on the bank regulatory approach over the last 15 years. Regulators “went so far beyond what was reasonable that they should be embarrassed.”
By Caitlin Mullen • May 20, 2025 -
Chip Somodevilla via Getty Images
SEC’s Crenshaw warns of ‘regulatory Jenga’
“When it comes to the stability of our markets, how far are we willing to take our dangerous game? Who would ultimately be the loser when the foundation gives way?” she asked.
By Gabrielle Saulsbery • May 20, 2025 -
Toshe_O via Getty Images
CFTC will shrink to a two-person team as two commissioners leave
Commissioners Christy Goldsmith Romero and Summer Mersinger will exit at the end of the month. Brian Quintenz awaits confirmation to become the regulator’s chair.
By Rajashree Chakravarty • May 19, 2025 -
Federal Reserve. (2019). [Photograph]. Retrieved from Wikimedia Commons.
Fed to reduce headcount by 10% by end of 2027
The lower headcount will come from a voluntary deferred resignation program, not layoffs, according to an internal memo.
By Gabrielle Saulsbery • May 19, 2025 -
Joe Raedle / Staff via Getty Images
Capital One closes Discover deal, agrees to $425M payout
The $425 million would represent restitution to class-action plaintiffs who allege Capital One concealed certain details to legacy savings account holders when the bank launched a new product.
By Dan Ennis • May 19, 2025 -
Avosb via Getty Images
Fintech association to defend open banking in court
The Financial Technology Association will seek to protect a Consumer Financial Protection Bureau open banking rule after receiving a federal judge’s permission to intervene.
By Justin Bachman • May 16, 2025 -
Permission granted by Wise
CFPB slashes most of Wise penalty
The U.S. unit of fintech Wise must pay the bureau $45,000 and roughly $450,000 in redress to affected customers – a far cry from the $2.5 million penalty issued in January.
By Rajashree Chakravarty • May 16, 2025 -
Jack Taylor via Getty Images
Judge denies move to reduce Ripple’s penalty in SEC case
The parties failed to “address the heavy burden” involved in vacating an injunction, choosing to couch their agreement as a settlement to be approved rather than a request for relief, Judge Analisa Torres said Thursday.
By Dan Ennis • May 16, 2025 -
Mesut Dogan via Getty Images
Fed drops enforcement action against Illinois bank
The central bank flagged deficiencies at Du Quoin State Bank in 2023 and directed the lender to improve capital, liquidity and interest rate risk management.
By Rajashree Chakravarty • May 15, 2025 -
valiantsin suprunovich via Getty Images
Lawmaker seeks probe into Ramp’s bid for $25M GSA contract
Rep. Gerry Connolly, D-VA, is looking into the GSA’s contractor selection process to work on the SmartPay program, alleging an agency employee called the fintech the “favorite” to win the contract.
By Rajashree Chakravarty • May 14, 2025 -
Andrew Harnik via Getty Images
CFPB seeks to rescind registry of nonbank repeat offenders
The NBR rule is “not necessary as a tool to effectively monitor and reduce potential risks to consumers from bad actors,” according to Acting Director Russ Vought.
By Gabrielle Saulsbery • May 14, 2025 -
Andrew Harnik / Staff via Getty Images
Warren prods DOJ to sue to block Capital One-Discover deal
The senator urged the Justice Department’s new antitrust czar, who's expressed a general concern over the creation of too-big-to-fail firms, to “back [her] words with action.”
By Dan Ennis • May 14, 2025 -
Anna Moneymaker / Staff via Getty Images
CFPB rescinds 67 pieces of guidance
The rescissions are not final and will allow the bureau to evaluate whether each of the items was statutorily prescribed, CFPB Acting Director Russ Vought said.
By Gabrielle Saulsbery • May 12, 2025 -
Justin Sullivan / Staff via Getty Images
Ex-Wells exec sues Fed for deferred compensation
James Richards’ restricted share rights were denied in March, arguably over Wells Fargo’s “troubled condition” and whether the annual awards were “golden handcuffs” or a “golden parachute.”
By Rajashree Chakravarty • May 12, 2025 -
Kayla Bartkowski / Staff via Getty Images
Trump to scrap McKernan’s CFPB nod for Treasury post
Jonathan McKernan’s nomination to lead the CFPB had been awaiting Senate confirmation. Instead, the president will nominate him to serve in a Treasury Department role.
By Caitlin Mullen • May 12, 2025 -
Andrew Harnik via Getty Images
Trump signs resolution to nix CFPB overdraft rule
The move overturns the bureau’s effort to cap overdraft fees at $5. The American Bankers Association also dropped its lawsuit regarding the rule.
By Dan Ennis • May 12, 2025 -
Jack Taylor via Getty Images
Ripple would get $75M back under SEC settlement
The agreement must get sign-off from a federal judge, among other next steps. A Democratic commissioner at the SEC, however, said the deal would mark a “tremendous disservice” to the law.
By Dan Ennis • May 9, 2025 -
Dan Kitwood via Getty Images
Stablecoin bill falters in Senate
Democrats demanded fixes to the GENIUS Act – designed to create a framework for bringing stablecoins into the U.S. financial system – and raised concerns about Trump’s ties with crypto ventures.
By Rajashree Chakravarty • May 9, 2025 -
Pete Marovich / Stringer via Getty Images
Lawmakers press Bessent on CDFI cuts
“If CDFIs follow their statutory obligations and do not digress into more ideological boundaries ... they can be important institutions,” the Treasury secretary told legislators Wednesday.
By Caitlin Mullen • May 8, 2025 -
Permission granted by Office of the Comptroller of the Currency
Senate votes to overturn OCC ban on expedited merger review
A similar resolution pending in the House would reverse a rule toughening the approval process – just as opponents of the Capital One-Discover deal say the green light came too easily.
By Dan Ennis • May 8, 2025 -
Dan Kitwood via Getty Images
Maxine Waters walks out of digital asset hearing
House Democrats’ walkout blocked the hearing from taking place. They cited concerns over the president’s and his family’s ties to digital asset businesses.
By Rajashree Chakravarty • May 7, 2025 -
Anna Moneymaker via Getty Images
Senators re-up bill requiring independent Fed IG
Sens. Elizabeth Warren, D-MA, and Rick Scott, R-FL, faulted recently retired Fed IG Mark Bialek for failing to address central bank “corruption,” underscoring the need for “structural changes” to the role.
By Caitlin Mullen • May 7, 2025 -
(2024). [Photo]. Retrieved from Federal Reserve.
Bowman nod for Fed supervision czar advances to full Senate
The Senate Banking Committee voted 13-11 along party lines to pass the nomination to the full chamber. A key Democrat reiterated her concerns over Bowman’s stance on tariffs, mergers and climate.
By Dan Ennis • May 7, 2025
