CFPB proposes a rule change to cut nonbank supervision
The Consumer Financial Protection Bureau has proposed reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and international money transfers.
CFPB to hold Synapse responsible for missing customer funds
The Consumer Financial Protection Bureau has been investigating the failed banking-as-a-service fintech and is preparing to file a complaint accusing it of unfair acts or practices.
Chime reports first earnings since IPO
Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
Press Statement: Statement from Acting Chairman Travis Hill on Executive Order Titled “Guaranteeing Fair Banking for All Americans”
PRESS STATEMENT | AUGUST 8, 2025 Statement from Acting Chairman Travis Hill on Executive Order Titled “Guaranteeing Fair Banking for All Americans” The FDIC fully supports President Trump’s Executive Order on politicized or unlawful debanking. As I’ve said in the past, debanking law-abiding customers is unacceptable and regulators must work to end it. The FDIC […]
Fulton Financial’s Angela Snyder plans to retire
In this week’s banking news roundup: Fulton Financial’s Angela Snyder announces plans to retire as president of the Lancaster, Pennsylvania-based bank; Columbia Banking System in Tacoma, Washington, finalizes plans for its latest acquisition; Flagstar Financial opens its first private banking office in Florida; and more.
Microsoft vulnerability affects certain Exchange users
The security problem affects organizations with a hybrid Exchange environment, running applications in both on-premises servers and Microsoft’s cloud.
Warren calls on Fed to activate additional capital charge
The ranking Democrat on the Senate Banking Committee said growing uncertainty and risks in the financial system mean the central bank should increase the countercyclical capital buffer for the nation’s largest lenders.
Marqeta turns to BNPL to boost revenue that’s not from Block
As the payment technology company diversifies revenue streams, buy now/pay later was a key driver in beating analysts’ estimates for Marqeta’s second-quarter earnings.
This new Fed policy will harm community banks’ competitiveness
Slashing capital requirements for the largest banks shows where the Federal Reserve’s priorities lie — and it’s not with community banks. This will make it even harder for small banks to compete with their larger peers.
How one personal finance site is taking on Google’s AI bots
The personal finance app provider is working to block AI crawlers from the search giant and large language model providers from accessing much of its website.