Regulators’ CRA reform plans need to be made ‘DOGE-proof’
New regulations implementing the Community Reinvestment Act are likely to run into trouble unless they take into account the priorities of the Trump administration and its efforts to streamline the federal government.
Examiner discretion takes center stage in CAMELS debate
Bank advocates and lawmakers have endorsed removing management considerations from the key supervisory ranking, arguing that it is too prone to subjectivity. But some policy experts say doing so could leave certain risks unchecked.
How banks and fintechs are targeting credit to Gen Z
Navy Federal Credit Union is among the financial institutions that see an opportunity to serve the 20% of Americans born between 1997 and 2012.
Inside Stripe’s response to Trump’s tariffs
As it rolls out dozens of new products to up its game in stablecoins and artificial intelligence, the payment company is also working with sellers wishing to expand activities involving non-U.S. corridors.
Golden parachute? Ex-Wells Fargo exec sues Fed over pay
Jim Richards, who served as the bank’s head of anti-money-laundering compliance, says the Federal Reserve is wrongfully denying him compensation that was designed to keep him employed at Wells Fargo.
ConnectOne receives FDIC approval for Long Island deal
New Jersey-based ConnectOne Bancorp received FDIC approval for its merger with First of Long Island Corp; lending-services fintech Oportun makes changes to its board of directors; Associated Banc-Corp’s Steven Zandpour will succeed David Stein as head of consumer and business banking; and more in this week’s banking news roundup.
Dallas bank targets acquisitions in Texas, growth in Florida
While Vista Bank is focusing on organic growth in Florida, it’s positioning itself as a Texas buyer.
McKernan tapped for Treasury post, CFPB future unclear
The Trump administration says it will nominate Jonathan McKernan to serve as Treasury under secretary for domestic finance. McKernan has already been nominated as the next director of the Consumer Financial Protection Bureau.
Deutsche Bank contractor allegedly brought girlfriend into data center
The man who blew the whistle over the incident says the bank fired him in retaliation for reporting what he called a “significant security breach.”
Preserving the separation: The case for keeping banks and big business apart
Ending the separation of banking and commerce would open the door to dangerous concentrations of power and influence, and would threaten financial and economic stability as well as access to credit for consumers and Main Street businesses.