UPDATE: Press Release: FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025
PRESS RELEASE | FEBRUARY 28, 2025 (Revised to update link to the first attachment) FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2025 […]
Marqeta shakes up leadership, acquires European provider
The card-issuing company has appointed CFO Mike Milotich as interim CEO as Simon Khalaf steps down. The firm also agreed to buy European payment provider TransactPay.
CFPB’s union says the bureau is being illegally dismantled
The union representing Consumer Financial Protection Bureau employees said in a court filing that the Trump administration’s actions to reduce the agency’s workforce and cut spending violate the law.
JPMorgan thought BofA wanted to buy Javice’s firm, banker says
Leslie Wims Morris, JPMorgan’s former chief of corporate development, testified that she trusted Javice “100%” on her claim that the company had millions of users.
Press Release: FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025
PRESS RELEASE | FEBRUARY 28, 2025 FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2025 and third quarter 2025. CRA regulations require each federal […]
Can the U.S. capitalize on the promise of open banking?
Open banking offers immense opportunities for the industry and the consumers it serves, but it will only deliver on this potential if banks proactively build customer trust and work together to assure standardization.
JPMorgan Chase, Nyca invest in AI-testing firm FairPlay
The company, whose software tests AI-based lending models for bias and fairness, is receiving $10 million.
Press Release: FDIC Makes Public January Enforcement Actions
PRESS RELEASE | FEBRUARY 28, 2025 FDIC Makes Public January Enforcement Actions WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January 2025. There are no administrative hearings scheduled for March 2025. The FDIC issued 12 orders and one adjudicated Decision […]
Small inflation uptick leaves Fed waiting for signal to move
The Federal Reserve’s preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of a prolonged rate pause.
How the FHLbank System’s regulatory direction could shift
Ryan Donovan, the Council of Federal Home Loan Banks’ CEO, foresees affordable housing mandates becoming more focused on home supply than demand.