CFPB drops enforcement actions against two more lenders
Washington Federal Bank and Planet Home Lending are both off the hook for the remainder of their consent orders, which the bureau quietly terminated.
Mid Penn Bancorp plans seventh bank acquisition in 11 years
The Harrisburg, Pennsylvania, community bank agreed to acquire 1st Colonial Bancorp in Mount Laurel, New Jersey, in a $101 million deal that would help deepen its presence in greater Philadelphia.
Filings warn of market chaos if Fed Gov. Cook is removed
Seven filings were submitted in response to President Donald Trump’s request for the Supreme Court to remove barriers from ousting Federal Reserve Gov. Lisa Cook before litigation proceeds. Most filings argued for the Court to deny the president’s application.
Press Release: FDIC Announces Five Senior Leadership Appointments
PRESS RELEASE | SEPTEMBER 26, 2025 FDIC Announces Five Senior Leadership Appointments WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of the following personnel to serve in senior leadership positions: Ryan Billingsley has been appointed Director of the FDIC’s Division of Risk Management Supervision (RMS), overseeing the agency’s safety and soundness […]
Inflation outpaced wage growth in August
Personal income, which rose $95.7B in August was overtaken by consumer spending, which jumped $129.2B, pushing the saving rate to 4.6% amid steady inflation and higher wages.
Press Release: FDIC Publishes Enforcement Orders for August 2025
PRESS RELEASE | SEPTEMBER 26, 2025 FDIC Publishes Enforcement Orders for August 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in August 2025. There are no administrative hearings scheduled for October 2025. Consent Orders: GSL Savings Bank, Guttenberg, New […]
OMB’s slow-walking of CDFI funds is making the housing crisis worse
The Office of Management and Budget has prevented billions of dollars from flowing to community development financial institutions, preventing those funds from supporting housing development.
Banks are losing the fight for merchants’ business
Payment-focused fintechs are acquiring – and keeping – merchants’ business thanks to services such as fraud prevention, analytics financing and loyalty tools, according to Capgemini’s 2026 World Payments Report. If banks want to compete, they’ll need to change their game.
Fed’s Barr “worried” about stress test changes for big banks
Federal Reserve Governor Michael Barr warned that subjecting the stress testing models to the notice and comment process could lead them to “ossify.”
Goldman president criticizes barriers to migration amid H-1B row
Goldman Sachs Group Inc. President John Waldron criticized the growth of barriers to movement put up by countries around the world, amid rising concern among American firms about the Trump administration’s decision to charge $100,000 for a key type of visa.