Ex-Huntington branch manager sues bank, raising FMLA allegations

Terri Estepp alleged she was fired from Huntington Bank after nearly 28 years because she took FMLA leave to care for her dying daughter. The bank said her termination is unrelated.

By Gabrielle Saulsbery • Feb. 6, 2025

Concerns mount over FDIC staffing challenges

A federal hiring freeze and brain drain at the already short-staffed agency could be detrimental for bank examinations and resolutions of failed lenders, lawyers and FDIC veterans said.

By Caitlin Mullen • Feb. 6, 2025

Explore the Trendline➔

M&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

CFPB fines Wise $2.5M over remittance violations

In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.

By Rajashree Chakravarty • Feb. 5, 2025

Senate panel grapples with who’s to blame for de-banking

“This shouldn’t be happening, and we need to figure out why and who is responsible,” Sen. Elizabeth Warren, D-MA, said during Wednesday’s hearing examining the impacts of de-banking.

By Caitlin Mullen • Feb. 5, 2025

GM subsidiary resubmits ILC charter application

GM Financial withdrew its application in June after a 3½-year wait – perhaps in anticipation of eased regulation under a Trump administration.

By Dan Ennis • Feb. 5, 2025

Coinbase calls on regulators to clarify crypto-bank rules

Banks that pursued crypto “were almost universally met with resistance” from the FDIC, the agency’s acting chair, Travis Hill, said Wednesday.

By Gabrielle Saulsbery • Feb. 5, 2025

Fed terminates 2 Wells Fargo consent orders

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and five remain, the bank said.

By Gabrielle Saulsbery • Feb. 4, 2025

OCC dings Ohio, Illinois banks on CRA ratings

The regulator issued “needs to improve” ratings to First Federal Savings & Loan Association of Lorain, Ohio, and United Trust Bank in Palos Heights, Illinois.

By Caitlin Mullen • Feb. 4, 2025

Chopra leaves CFPB in widely expected move

President Donald Trump designated Treasury Secretary Scott Bessent as the bureau’s acting chief, according to a statement posted to the agency’s website.

By Dan Ennis • Feb. 3, 2025

What’s coming for the banking industry in 2025

Banking Dive takes a look at several trend areas — from M&A to regulation — to give its best guess on developments to come this year. But as observers in the ESG sector will tell it, change has been rapid and thorough.

By Banking Dive staff • Jan. 31, 2025

Trump-era CFPB has full plate following Chopra’s flurry of activity

As Republicans mull unwinding Biden-era CFPB policies, Chopra’s strategy seems to have been “to make that as hard as possible by making the list as long as possible,” said a panelist during a Thursday webinar.

By Caitlin Mullen • Jan. 31, 2025

Banking sector girds for M&A uptick in 2025

Bank M&A rebounded in 2024, with six deals over $1 billion announced. The Fed approved the two largest before the Trump administration took office. But where to go from here?

By Rajashree Chakravarty • Jan. 31, 2025

Why climate alliance memberships are no longer ‘en vogue’ for Wall Street

Financial institutions have increasingly departed groups like the Net-Zero Banking Alliance and Climate Action 100+, but experts say banks are still committed to sustainability.

By Zoya Mirza • Jan. 31, 2025

Dive Deposits: Trump picks the most public moments to knock luminaries

The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.

By Dan Ennis • Jan. 30, 2025

Cruz reignites effort to defund CFPB

Sen. Ted Cruz, R-TX, introduced a bill (again) to that effect Wednesday, calling the agency “unelected” and “unaccountable” and its regulations “burdensome and harmful.”

By Gabrielle Saulsbery • Jan. 30, 2025

Wells Fargo released from 2022 CFPB consent order

The order, the seventh terminated since 2019 for the bank, related to Wells’ auto lending, mortgage and consumer deposit account services.

By Rajashree Chakravarty • Jan. 28, 2025

Chopra urges regulatory action to confront de-banking

The CFPB director faulted the lack of transparency around bank decisions to close accounts and said it’s worth exploring what appeal rights customers could be entitled to.

By Caitlin Mullen • Jan. 28, 2025

A nearly $1B bank deal is one approval away

The FDIC has signed off on WesBanco’s bid to acquire Youngstown, Ohio-based Premier Bank. The merger awaits approval from the Federal Reserve.

By Caitlin Mullen • Jan. 27, 2025

Judge deals SEC, Kraken partial wins in ongoing case

Kraken and the Securities and Exchange Commission both secured partial victories in a ruling about what defenses Kraken can use in the ongoing case between the two.

By Gabrielle Saulsbery • Jan. 27, 2025

While Trump’s anti-DEI executive orders pile up, Jamie Dimon doesn’t flinch

In response to activists’ anti-DEI efforts against his company, the JPMorgan Chase CEO said to “bring them on.”

By Caroline Colvin • Jan. 27, 2025

Ousting the CFPB’s Chopra wasn’t a ‘day one’ priority

The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t going to be quick, analysts say.

By Dan Ennis • Jan. 27, 2025

TD names next AML chief

Jacqueline Sanjuas joined the bank last year, months before the Justice Department made public its investigation into TD’s anti-money laundering issues.

By Gabrielle Saulsbery • Jan. 24, 2025

Trump accuses Bank of America of political de-banking

The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.

By Dan Ennis • Jan. 24, 2025

Trump order embraces stablecoins, bars CBDCs

President Donald Trump issued a “digital financial technology” executive order Thursday backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.

By Lynne Marek • Jan. 24, 2025

NY would bar banks from charging fees on overdrafts of less than $20

A proposal targets “authorize positive, settle negative” charges and duplicative nonsufficient funds fees, but it would only apply to state-chartered banks.

By Dan Ennis • Jan. 23, 2025