Trump’s CFPB asks for dismissal of Townstone redlining case
The Consumer Financial Protection Bureau and Townstone Financial, a Chicago mortgage lender that it sued in 2020, jointly asked a federal court to vacate a settlement, saying the case should never have been filed.
Credit union oversight hobbled in warning to bank regulators
The firing of National Credit Union Administration board members further erodes the political independence of bank regulators, experts say, in a way that could trickle up to the Federal Reserve.
Klarna, Payoneer buck tariffs to boost global expansion
The Sweden-based payment firm, which recently delayed its IPO due to the trade war, will use Fiserv’s Clover point of sale system as it looks to build a market in the U.S. Plus: Payoneer makes a deal in China and other news in this week’s global payments roundup.
OCC combines supervision into single unit
In internal shakeup, the Office of the Comptroller of the Currency will unify supervision divisions, revive the Chief National Bank Examiner office, and elevate IT oversight as part of a broader streamlining push.
Fed’s Powell: U.S. ‘less attractive’ if instability persists
Federal Reserve Chair Jerome Powell warned that actions that undermine the apparent stability of the U.S. economy could have lasting effects on its status as a global safe haven.
FB maintains brisk branch expansion pace in wake of deal
Nashville-based FB Financial announced the opening of a new office in Asheville, North Carolina, a week after striking a $381 million deal for an Alabama-based community bank.
Ginnie Mae filling leadership void with new COO
Chief Operating Officer Joseph Gormley’s appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages.
Dems ask FHFA watchdog to probe Pulte’s moves
Senators want to investigate the rapid changes to Fannie Mae and Freddie Mac’s boards of directors, and seek more clarity about reported layoffs.
Trump fires Democratic credit union regulators
President Donald Trump has ousted Todd Harper and Tanya Otsuka, Democratic board members of the National Credit Union Administration, before the end of their Senate-confirmed terms in the latest example of bipartisan regulator boards being undermined in Washington.
Trump tariff pause creates bank M&A, payments uncertainty
Markets welcomed the 90-day pause on President Donald Trump’s tariff plan, but banker forecasts for mergers and acquisitions and earnings remain uncertain.