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Senate Banking Committee chair Sen. Sherrod Brown, D-Ohio, is the latest progressive to express some skepticism on the Office of the Comptroller of the Currency's merger review, especially when compared to the relatively stricter Federal Deposit Insurance Corp. version.
June 17 -
A lull stemmed from overall cost cuts and a period of regrouping from which banks are emerging, experts say.
June 17 -
Payday lenders want an appeals court to rehear a novel claim about the Consumer Financial Protection Bureau's funding despite a Supreme Court ruling last month that upheld the agency's funding as constitutional.
June 17 -
Christy Goldsmith Romero — the White House's pick to succeed Martin Gruenberg as chair of the Federal Deposit Insurance Corp. — has generated little pushback from Senate Republicans, though her lack of bank supervisory experience and her record on cryptocurrency are the most likely lines of attack during her confirmation process.
June 17 -
Heightened regulatory scrutiny following Synapse Financial's bankruptcy will likely lead to stricter regulatory oversight of fintech-bank partnerships, potentially putting a damper on those collaborations in general, and Banking-as-a-Service offerings in particular.
June 17 -
MC Bancshares and Heritage NOLA Bancorp announced plans to combine in 2023, but the companies called off the deal after difficulties securing approvals. It amplified what an analyst called the "ever-present risk" of examiner scrutiny.
June 17 -
Economic downturns are inevitable, but regulatory overreaction to them shouldn't be. We need to rethink the way banks are allowed to recover from economic shocks.
June 17Ludwig Advisors -
The organization says 'request for pay' has gotten early traction with billing and account-to account transfers. Now it's targeting consumer-to-government and digital wallet disbursements.
June 17 -
In this edition of American Banker's news quiz, see what you know about the newest delinquency statistics, the best methods for combatting rising Zelle fraud, the ongoing battle between Republicans and Democrats over the head role at the Federal Deposit Insurance Corp. and more.
June 17 -
Due to retirement, burnout, heightened regulatory standards and profitability challenges, lots of lenders are looking for new chief financial officers. The wave of departures is giving banks a chance to bring in more highly skilled finance chiefs.
June 16