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In a 5-4 Supreme Court decision two years ago, the bureau’s rulemakings survived intact. But a pair of pending cases that challenge the agency's funding through the Federal Reserve are again seeking to invalidate every action the CFPB has taken since 2010.
May 22 -
Sustainable finance activists argue in a new report that big companies are underreporting their emissions because they aren’t accounting for what banks do with their deposits. The findings add to a debate over how to measure firms’ contributions to climate change.
May 20 -
The Congressional Black Caucus is requesting a meeting with President Biden to press the case that canceling student-loan debt is a racial equality issue.
May 20 -
RBC's authentication upgrade, an award for KeyBank and more in banking news this week
May 20 -
Inside JPMorgan Chase, senior executives are counting on an investor day to redeem themselves from a routine January conference call now widely viewed as disastrous.
May 20 -
Bible, who has served as chief financial officer since the merger of BB&T and SunTrust, will stay on the job until a successor is found.
May 20 -
Susan M. Gruber succeeds longtime leader Alison DeTuncq.
May 20 -
Agility Bank, which opens its doors Monday, says it is the first minority depository institution to be women-owned and women-led by design. It plans to serve small-business owners in a digital-first manner.
May 20 -
In a nation dominated by six large banks, credit unions hope to build membership by taking advantage of the data-sharing rules that would allow them to broaden their reach through fintech partnerships.
May 20 -
Government has an exciting opening to use its unprecedented reach and newfound trust among small-business owners to connect entrepreneurs with sources of capital that can help them grow.
May 20
Public Private Strategies -
The retail chain is uniquely positioned to tie its growing slate of financial products to its customers' shopping needs, both in stores and digitally, said Julia Unger, Walmart's vice president of financial services, at American Banker's Payments Forum.
May 20 -
Strong spending trends, combined with a reduction in card repayment rates, contributed to 17% loan growth last month. The data suggests that rising fears of a recession aren’t yet changing consumers’ behavior.
May 19 -
Nearly half of all small-business owners — and higher percentages of minority entrepreneurs — said in a new survey that they aren’t sure they could come up with the funds to cover an emergency $5,000 business expense. But the results also suggest that the Paycheck Protection Program may have led to more trust in the Small Business Administration.
May 19 -
Corrigan thrived on crisis situations, a colleague said. He received plenty of practice in 25 years at the Fed and another two decades at Goldman Sachs.
May 19 -
The Biden administration’s pick for Federal Reserve vice chair for supervision faced questions about climate change, digital assets and the central bank’s independence. But he did not meet the same resistance from Republicans as the White House’s first choice, Sarah Bloom Raskin, observers said.
May 19 -
Several federal agencies have recently stepped up requirements on banks to notify regulators and the public when they fall victim to cybersecurity incidents.
May 19 -
Patrick Totten plans to step down from his leadership position at the Florida institution after a successor is chosen.
May 19 -
Agility Bank, formed to serve local businesses operated by women, plans to launch in late May.
May 19 -
The U.S. Department of Agriculture expects farm profits to drop by 8% this year due to multiple factors, creating credit quality questions for ag banks.
May 19


























