Bad bots are taking over the web. Banks are their top target
Bad actors use generative AI to create automated threats that are more sophisticated than earlier generations of malicious bots, and they are going after banks’ APIs.
Judge blocks mass firing at CFPB
A federal judge issued an order blocking the Trump administration from firing hundreds of Consumer Financial Protection Bureau employees, saying agency leadership had ‘thumbed their noses’ at the court’s earlier injunction.
FDIC narrows bank resolution plan requirements
The FDIC has streamlined requirements for large banks’ emergency resolution plans, eliminating some costly strategies and offering more flexibility in light of 2023’s bank failures.
Press Release: FDIC Modifies Approach to Resolution Planning for Large Banks
PRESS RELEASE | APRIL 18, 2025 FDIC Modifies Approach to Resolution Planning for Large Banks WASHINGTON – The FDIC today took action to modify its approach to insured depository institution (IDI) resolution planning. The purpose of this action is to focus the IDI resolution planning process on the operational information most relevant for the FDIC […]
Fed proposes averaging stress test results over 2 years
The Federal Reserve proposed a rule to average individual banks’ stress test results over two years, a measure the central bank says would reduce volatility in bank capital requirements from year to year.
What magstripe card extinction means for banks
With swipe payments heading toward the exit in a few years, issuers have an opportunity now to prepare.
Capital One-Discover deal gets approval from Fed and OCC
The $35 billion transaction has faced opposition since it was announced last February.
Press Release: FDIC Announces Three Orders Against Discover Bank, Greenwood, Delaware
PRESS RELEASE | APRIL 18, 2025 FDIC Announces Three Orders Against Discover Bank, Greenwood, Delaware WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the issuance of three orders against Discover Bank, Greenwood, Delaware (Bank). Specifically, the FDIC issued an Amended and Restated Consent Order requiring corrective action, an Order for Restitution requiring a […]
CFPB faces contempt motion for latest firing notices
A federal judge will determine if the leadership of the Consumer Financial Protection Bureau should be held in contempt after firing 90% of the bureau’s staff and dismantling all offices.
CFPB guts staff as White House tries to dismantle agency
The Consumer Financial Protection Bureau is laying off more than 1,400 employees just days after a panel of judges said the bureau couldn’t fire employees without an assessment of whether the workers are unnecessary to perform the bureau’s legally mandated duties.