Former FDIC board member confirmed to top Treasury role
The Senate confirmed former Federal Deposit Insurance Corp. board member Jonathan McKernan to serve as Treasury’s Under Secretary for Domestic Finance on a party-line vote, installing a key industry ally in the Treasury Department.
Congress has let banks’ access to a key cyber defense tool lapse
The failure to reauthorize protections for information exchange under the Cybersecurity Information Sharing Act has created a dangerous gap in our protection against cyber criminals and hostile state actors.
Community bankers say regulations no longer such big concern
In a new survey, 28.4% of community banks said that regulation represented an “extremely important” risk, down from 44.1% last year.
Influencers share false Zelle, Cash App advice on TikTok
A new report links a surge in consumer complaints to two financial influencers selling dubious advice and products to millions of followers online.
Citizens looks within for its next commercial banking head
Don McCree, who has led commercial banking at Citizens since 2015, plans to retire next year. His successor, Ted Swimmer, who was in charge of capital markets, took over on Tuesday.
After notching a big gain, MVB repositions its bond book
The Fairmont, West Virginia, bank is taking a $7.6 million hit to rid itself of $73 million in long-duration, low-yielding securities, though the sale of its payments subsidiary the week before cushions the blow.
Exclusive: Waters presses bank regulators on shutdown relief
House Financial Services Committee ranking member Maxine Waters, D-Calif., asked bank regulators to give banks the supervisory clearance to extend lines of credit and modify loan terms for federal employees furloughed after the government shut down last week.
FDIC Board of Directors Meeting
BOARD MEETING | OCTOBER 7, 2025 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open and closed sessions. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Notice of Proposed Rulemaking regarding Unsafe or Unsound Practices, […]
The Most Powerful Women in Banking, No. 20, Julieann Thurlow, Reading Cooperative Bank
Thurlow led the Massachusetts-based mutual bank through a merger that increased its asset size by nearly 40% while serving as the chair of the ABA last year.
Miran cites ‘critical importance’ of Fed independence
Federal Reserve Gov. Stephen Miran sidestepped whether policy setting pressure from the administration is a welcomed development, but reiterated that he wants to avoid succumbing to “groupthink.”