Texas targets surging mail theft and check fraud with new law
Texas’s SB 1281 introduces harsher penalties — up to life in prison — and targets check fraud as banks report rising financial crimes tied to stolen mail.
Atlantic Union sells $2B CRE portfolio to Blackstone unit
In a deal that closes the loop on its transformative acquisition of Sandy Spring Bank, Atlantic Union Bankshares said it sold $2 billion in performing commercial real estate loans to Blackstone Real Estate Debt Strategies.
Truist poaches commercial banking execs from rivals
Truist Financial is bulking up its commercial and corporate banking arm by hiring senior executives from rival firms and promoting from within; F.N.B. Corp launches a $46 million-dollar community development program focused on Main Street revitalization; buy now/pay later lender Affirm extends its partnership with Moore Capital through May 2027; and more in this week’s […]
Press Release: FDIC Publishes Enforcement Orders for May 2025
PRESS RELEASE | JUNE 27, 2025 FDIC Publishes Enforcement Orders for May 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in May 2025. There are no administrative hearings scheduled for July 2025. Consent Order: Quaint Oak Bank, Southampton, PA […]
Arizona Financial Credit Union cuts exception resolution time by 80%
Arizona Financial Credit Union cuts exception resolution time by 80%
Former TD Bank employee pleads guilty to insider fraud
The Florida man admitted to opening over 100 fake TD Bank accounts in exchange for bribes, leading to $72,000 in fraud losses at the bank.
Regulators seek comment on eSLR proposal
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency are officially open to comments on their reform package for the enhanced supplementary leverage ratio.
What the big, beautiful bill now has in store for the CFPB
The Senate Banking Committee is now proposing to cut the cap by which the Consumer Financial Protection Bureau can request funds from the Federal Reserve to 6.5% of the Federal Reserve’s operating budget after its opening bid of 0% was rejected by the Senate parliamentarian.
FDIC Board of Directors Approve New Actions
BOARD MATTERS | JUNE 27, 2025 FDIC Board of Directors Approve New Actions Today, the Federal Deposit Insurance Corporation’s Board of Directors unanimously approved the following matters. Materials and information related to these Board actions are available on the Board Matters webpage. Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards Press Release […]
Researchers find ‘surprise’ in new mortgage delinquency data
While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore’s monthly credit gauge said.