Banking

Flagstar Bank wants to merge its holding company into the bank, which would cut $15 million in annual expenses and eliminate regulatory oversight by the Federal Reserve, leaving the OCC as its primary regulator. The bank's CEO, Joseph Otting, is a former comptroller of the currency.

Fifteen banks have failed since 2019, with the most recent one occurring on Jan. 17.

A coalition of consumer groups sued the Consumer Financial Protection Bureau and acting Director Russell Vought for refusing to implement a statutorily mandated small-business data collection rule that is already tied up in litigation.

Growing loans was a tall order in 2024, but banks that could do just that were able to outperform their peers.

Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.

The House Financial Services Committee passed a number of bipartisan banking bills with wide margins, suggesting a growing consensus on how to handle issues like deposit insurance, de novo bank formation and the Federal Reserve's discount window.

Complaints to the Consumer Financial Protection Bureau have skyrocketed in the first half of 2025, due in part to an increase in payment scams generated by social media that target peer-to-peer payment platforms such as Zelle, Venmo and other apps.

Ocala Community Credit Union is the latest credit union to partner with InvestiFi and offer crypto investments for its members.

Markets are increasingly moving toward 24/7 functionality through the use of blockchain technology. Companies that don't adapt will be left in the dust.

The Evansville, Indiana-based bank has hired Tim Burke to oversee commercial and community banking, along with wealth, credit and marketing.