CFPB still wants your Home Mortgage Disclosure Act data
While the March 3 submission deadline holds firm, compliance experts suggested guidance inquiries for Home Mortgage Disclosure Act filers could be lacking.
Great bank leaders keep communication simple
Whether addressing a large audience or interacting with individual employees, the most effective communicators are those who leave their audience feeling a little smarter for having listened to them.
The stakes for bankers in the 2025 tax fight
Rising populist sentiment in the Republican Party means that banks will have to work harder to get the same kinds of wins they did in 2017.
‘There should be an outrage’: Democrats rally for CFPB
In a forum Tuesday, Senate Democrats railed against President Trump and Elon Musk’s efforts to shutter the Consumer Financial Protection Bureau as anti-consumer and illegal.
Expensify launches travel booking features
The fintech, which works with and competes with banks, will now let business users book travel and manage expenses in one place.
Justice Dept. insists ‘there will continue to be a CFPB’
The Justice Department said in a legal brief that the Consumer Financial Protection Bureau will continue to exist, but said instead that the agency will have fewer employees and a reduced budget under the Trump administration.
Old Second strikes $197M deal to bolster Chicago footprint
The Illinois company plans to acquire neighboring Bancorp Financial in a cash-and-stock transaction that would form the second largest community bank in the Chicago area.
PayPal taps JPMorgan Chase to take AI checkout global
The collaboration will enable the payment company’s Fastlane system to reach merchants in the U.K. and Europe, addressing a need to scale the product quickly.
Fed’s Barr says supervisors need more data on deposit flows
During his final week as the Federal Reserve’s top regulator, Michael Barr outlined several proposals that he believes would bolster the financial system against emerging risks.
Banking finishes 2024 strong, but less so for small banks
The Federal Deposit Insurance Corp. said Tuesday that bank earnings rose in the fourth quarter of 2024, driven by lower costs and improved revenues. But smaller banks saw greater headwinds and declining revenues, driven by realized losses on securities sales.