Executive at neighboring NYC bank bets on Carver turnaround
Spring Bank CEO Barry Mann has accumulated a 6% stake in New York City-based Carver Bancorp, Carver has a history of underperforming, but Mann is optimistic about its chances under new CEO Donald Felix.
How Connecticut became a battleground for earned wage access
The number of states with earned wage access legislation doubled in 2025 with six states passing new laws. Connecticut regulators have been particularly strict, creating conflict between lenders and the government.
NCUA moves to strip reputational risk from examinations
Following the lead of banking regulators, the National Credit Union Administration has proposed a rule that would eliminate references to reputational risk from its examination manuals and would forbid debanking based on political views.
Banks need a formal process to appeal adverse regulatory actions
Real due process in bank supervision is not merely administrative housekeeping — it is fundamental to the credibility, fairness and effectiveness of the regulatory system.
What’s next in the fight over the CFPB’s open banking rule?
The effort to establish rules governing consumers’ access to their financial data has been effectively derailed by litigation, moves made by the Trump-era CFPB and JPMorganChase‘s decision to start charging data aggregators for access to customer data.
Huntington dials up its forecast after strong third quarter
Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
Flagstar’s shareholders approve plan to dissolve holding company
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week’s banking news roundup.
Ally beats expectations despite auto industry tumult
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street’s expectations.
Cornerstone Capital to acquire another Texas bank
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
‘Cockroaches’ or ‘isolated events’? Banks face credit nerves
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.