Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE The FDIC Board of Directors will meet in open session: Date and Time: Tuesday, May 20, 2025, at 2:30 p.m. Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, May 19, at mediarequests@fdic.gov to attend in person from […]
Chime files for U.S. IPO on heels of office expansion
The neobank filed for an initial public offering on Tuesday shortly after announcing a new office lease in New York City.
Soaring student loan delinquencies signal risks to banks
Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers’ wallets is a cause for concern at banks that rely on borrowers’ ability to repay their debts..
New York tightens BNPL rules as the CFPB pulls back
New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
Atlantic Union’s growth-minded CEO looks south to Carolinas
Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.
New Trump faces at FDIC, Fed create regulatory uncertainty for bankers
Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.
Data breach at check casher’s vendor affects over 161,000 people
Aspire USA, part of Valsoft and AllTrust, took over a year to notify victims of a February 2024 breach. The companies aren’t sure what data was stolen.
Federal Reserve ends enforcement action vs. Illinois bank
The Federal Reserve Board terminated a written agreement with Du Quoin State Bank from 2023. The order had stemmed from the bank’s deficient interest rate risk management.
Exclusive: Warren says DOJ can stop Capital One-Discover deal
Senate Banking Committee ranking member Elizabeth Warren is pushing the Department of Justice to use its power to halt the deal, already approved by bank regulators.
Banks face repeat of data-sharing fight with CFPB move
The Consumer Financial Protection Bureau is likely to scratch and rework its open banking rule, at a time when the agency’s fate is in doubt.