Regulators propose CAMELS rating overhaul
The Federal Financial Institutions Examination Council — whose members include federal bank regulators — issued a proposal Tuesday to overhaul the bank supervisory ratings process, the first such revision in 30 years. The proposal would reduce the weight management grades have on supervisory ratings and would require rating downgrades to be tied to explicit financial […]
JPMorgan shareholders reject call for more lobbying disclosures
JPMorganChase‘s shareholders have occasionally floated proposals to make sure the bank’s lobbying dollars match its public statements. At the company’s annual meeting on Monday, support for one such measure was down significantly from a similar proposal in 2023.
Statement by Chairman Travis Hill on the Proposal to Revise the CAMELS Rating System
STATEMENT | MAY 19, 2026 Statement by Chairman Travis Hill on the Proposal to Revise the CAMELS Rating System Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill today issued the following statement regarding the Federal Financial Institutions Examination Council’s approval of a proposal to revise the uniform financial institutions rating system, commonly known as CAMELS: […]
Amid turnaround, Flagstar rewards CEO Otting, names co-presidents
Flagstar Bank extended Joseph Otting’s employment contract by one year and granted him new stock awards. Simultaneously, the bank promoted two executives to serve as co-presidents, in a move that could be a hint at CEO succession plans.
How NMI and Dwolla’s combo boosts a key card alternative
The two fintechs will increase distribution of a ‘pay by bank’ option that has picked up steam in recent years as merchants and consumers seek relief from card fees.
Top Treasury lawyer resigns as $1.8B settlement fund unveiled
The Treasury Department’s General Counsel Brian Morrissey resigned his post as controversy grew over a Department of Justice settlement creating a fund to compensate for alleged victims of prosecution by the Biden administration.
California fines Yotta $1M for deceiving savers
Yotta marketed accounts as FDIC-insured and impossible to lose, then moved $28 million of Californians’ money to a Synapse arm its own executives didn’t trust.
Fed’s Waller says AI at central bank has strict guardrails
Federal Reserve Gov. Christopher Waller said Tuesday that central bank researchers using Artificial Intelligence must follow security protocols designed to protect sensitive data.
A major wave of consolidation is about to reshape the banking industry
New bank capital rules have changed the calculus for many banks in the U.S., eliminating many of the barriers that prevented midsize institutions from growing. The result will likely be a rapid spike in mergers.
Citing bad loans, USDA bars a group of lenders from lending program
The move comes about a year after rising delinquency levels prompted SBA to raise lender fees and tightened underwriting standards in its flagship 7(a) program.