Trump Organization sues Capital One over canceled accounts
President Donald Trump’s company accused it of illegally “de-banking” him for political reasons by abruptly canceling hundreds of accounts for his real estate business after his first term ended in 2021.
High-growth U.K.-based OakNorth seeks U.S. charter
The 10-year-old lender, which reported a double-digit jump in profits, is benefiting from what its CEO called “animal spirits” at work on this side of the Atlantic.
Joint Press Release: Agencies Issue 2024 Shared National Credit Program Report
JOINT PRESS RELEASE | MARCH 10, 2025 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency Agencies Issue 2024 Shared National Credit Program Report Federal bank regulatory agencies today reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. However, the agencies […]
Keep the CFPB, but install some commonsense leadership at the top
President Trump and Elon Musk probably would not have put Rohit Chopra and his CFPB on their hit list had he run it with common sense, balancing the interests of both the financial industry and their consumers. An independent and consolidated federal consumer financial protection agency is needed, but only if a fair-minded leader runs […]
CFPB resignations, confusion ahead of court fight
Among the resignations are Mark McArdle, who was instrumental in creating the Qualified Mortgage rule, and Operations Chief of Supervision David Bleicken. It is unclear if the Consumer Financial Protection Bureau will hire anyone to succeed them.
Minority banks fear consequences of Trump’s DEI rollback
The Trump administration’s attack on diversity, equity and inclusion programs raises the question: Will big banks continue their support of minority depository institutions?
OCC eases Biden-era restrictions on crypto assets
The Office of the Comptroller of the Currency reversed policies on crypto banking, withdrawing its guidance on custody, stablecoin reserves and risk management requirements.
CFPB leaders planned to gut the bureau, fire 1,175 employees
The Trump administration intended to gut the Consumer Financial Protection Bureau through a mass workforce reduction, which could be a smoking gun in a court battle with the bureau’s union.
Commercial cards are getting hot. How banks can respond
The multi-trillion-dollar global market has opportunities and potential pitfalls for banks.
First Busey closes acquisition of CrossFirst
First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week’s banking news roundup.