Senate banking budget bill overhauls CFPB funding

The Banking Committee’s portion of the Senate budget bill would eliminate the Consumer Financial Protection Bureau’s ability to request funding from the Federal Reserve, a move that goes further than House Republicans’ version of the bill.

Democrat bill pushes back on beneficial ownership rollback

Congressional Democrats offered a bill Friday requiring the Treasury Department to apply the anti-money laundering requirements of the Corporate Transparency Act more fully and help educate small businesses on how to comply with reporting of beneficial ownership information.

Corum named Capital City Bank president; Enterprise merger

Bethany Corum succeeds Tom Barron as president of Capital City Bank; Independent Bank Corp. plans to finalize purchase of in-state rival, Enterprise Bancorp; Customers Bank taps Mark McCollom to take over as chief financial officer; and more in this week’s banking news roundup.

Circle President Tarbert: Banks are ‘ideal’ partners

In an interview with American Banker following Circle’s IPO debut, President Heath Tarbert discussed the stablecoin issuer’s go-public timing, the importance of regulation and transparency and how the fintech sees itself working with banks.