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The confirmation of Martin Gruenberg to chair the Federal Deposit Insurance Corp. is the final chapter of the political fracas surrounding former chair Jelena McWilliams' departure. But it also means he could be outvoted if a Republican takes the presidency in 2024.

The state's Department of Financial Services issued proposed guidelines on how banks and mortgage lenders should manage climate-related risks. But the guidance was quickly slammed by a trade group representing community banks.

On issues from guns and abortion to climate change to corporate diversity, banks that have been trying to satisfy progressive groups felt blowback this year from right-leaning organizations and Republican officials.

The legislation, co-sponsored by six other Republicans, would apply federal lobbying and vacancy rules to regional Federal Reserve banks and close seven of the 12 existing banks.

U.S. Bank and KeyBank were among those that made significant advances in their use of cloud computing during the past year.

The interim chief executive, Mark Wilburn, has been with Truity more than 25 years. The outgoing CEO, Dennis Halpin, plans to retire in January.

The Federal Housing Finance Agency said it would heed the recommendation from a report by its Office of the Inspector General released this week.

Rivertown Community Federal Credit Union and Allegan Credit Union in Michigan will join forces in January under their shared boss, Kris Lewis.

The JPMorgan Chase CEO keeps brushing off the big question: Who will lead the House of Dimon after Dimon?

The measure would reduce access to credit among junior service members, opening the door to payday lenders.