Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | DECEMBER 5, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in September 2025. The CRA […]
CFPB’s enforcement chief resigns, citing ‘no path’ forward
The Trump administration’s decision not to seek funding for the CFPB and transferring remaining enforcement cases to the Department of Justice were cited as reasons for the resignation of Michael G. Salemi, who took over as CFPB enforcement chief earlier this year.
Why deposit insurance reform is a critical opportunity for Main Street
A proposed increase to federal deposit insurance levels for certain business accounts is a necessary reform that will support community banks and the communities they serve.
Press Release: Interagency Statement on OCC and FDIC Withdrawal from the Interagency Leveraged Lending Guidance Issuances
PRESS RELEASE | DECEMBER 5, 2025 Interagency Statement on OCC and FDIC Withdrawal from the Interagency Leveraged Lending Guidance Issuances WASHINGTON—The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively “the agencies”) are rescinding the “Interagency Guidance on Leveraged Lending” (“2013 Guidance”), dated March 21, 2013, and the “Frequently Asked […]
How the penny shortage complicates New York’s cash protection law
The state is requiring merchants to accept cash denominations of $20 and under and prohibits them from charging extra to accept cash. The law, which goes into effect in March, comes as merchants are responding to the Trump administration’s abrupt cancellation of penny production.
Housing provision emerges as key in defense spending bill
A bipartisan housing provision has emerged as a critical negotiating point for passage of an uncommonly bank-relevant defense authorization bill.
VPN vulnerability leads to data breaches at 70 banks
More than 400,000 consumers may be affected after Marquis Software Solutions suffered a breach traced to a bug in SonicWall software disclosed last year.
TD has completed ‘majority’ of US AML remediation
The Canadian bank still has more work to do as it rolls out additional processes, technology and training. TD will also have to prove to regulators and the U.S. Department of Justice that its actions are sustainable.
BMO details strategy to improve US profitability
The Canadian bank is determined to grow its U.S. business organically, CEO Darryl White said Thursday. But with so much excess capital, analysts wondered about the bank’s appetite for M&A.
How Ramp set up a data cloud to democratize AI
Employees throughout the company can use generative AI to query data from sales calls, email, invoices and a host of other information sources.