Housing bill passes House with community bank riders
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
CFPB blocks GAO investigators in layoff report
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau’s stop-work order, but CFPB officials refused to meet with or provide information to Congress’ investigative arm.
Fed’s Waller: ‘Everyone is yelling at me’ on skinny accounts
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank’s proposed “skinny” master accounts.
Georgia woman sentenced for $1.5 million bank fraud scheme
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
Block plans another round of layoffs
Jack Dorsey’s payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
KeyCorp, Eastern get relief as activist investor backs down
The activist investor HoldCo Asset Management said Monday that it doesn’t plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks’ M&A strategies.
MBA, lenders rally behind Housing for 21st Century Act
The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
Credit unions blast new Washington state tax on bank deals
To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there’s just one problem: The tax will deter any such acquisitions from happening.
10 kinds of bank CFOs who will never get the CEO job
Being a good CFO does not always translate into being a good CEO. Ken Thomas identifies ten different kinds of CFOs who just aren’t chief executive officer material.
Why small banks, credit unions are buying onboarding tech
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.