Judge tosses Trump’s Capital One debanking suit, for now
A federal judge said Friday that the Trump Organization will have three months to collect new evidence and refile its complaint. It alleges that Capital One illegally closed hundreds of its accounts following the Jan. 6, 2021, attacks on the U.S. Capitol.
How Trump’s EO could redraw QM’s safe harbor lines
The new executive order could add lender competition for self-employed borrowers, potentially via a small loan carveout and one for portfolio products.
‘We won’t cede any ground’: Huntington’s embedded payments push
Huntington is among the banks investing in technology that embeds payments and financial services into non-financial functions — a move designed to counter the encroachment of digital wallets and fintechs.
$1.25B AUM ex-First Republic team exits JPMorgan, joins Janney
The Apollo Group, a six-person team in New York, is the latest to show that former First Republic advisors are still not completely settled at JPMorgan.
Sellers outnumber buyers by record margin in February
There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a Redfin report.
Fed’s Miran says oil shock unlikely to alter rate outlook yet
Federal Reserve Gov. Stephen Miran said it is too early to judge how U.S. involvement in the war with Iran will affect inflation and monetary policy.
Swalwell drops Pulte suit while FHFA fraud probes stall
The Trump administration hasn’t formally charged Swalwell, Adam Schiff or Lisa Cook, while a federal court tossed a prosecution against Letitia James.
Trump should scrap his plan to make bank customers prove citizenship
A rumored executive order that would require banks to verify the citizenship of their account holders would be incredibly burdensome for banks. It would also result in the “debanking” of untold numbers of Americans.
Wall Street-style drama for two credit unions and a community bank
Two credit unions in San Diego are locked in a bitter fight over a proposed merger; and a community bank in upstate New York fights off a corporate raider.
‘I did not call myself a dictator:’ Credit-union CEO
Todd Lane, the CEO of California Coast Credit Union, described an allegation by an executive at San Diego County Credit Union as “categorically inaccurate.” The two institutions are locked in a legal fight after their agreement to merge turned contentious.