Custodia to appeal ruling in Fed lawsuit
The Wyoming-based digital asset bank filed paperwork to challenge last month’s district court ruling, which affirmed the Federal Reserve’s view about its discretion over master account applications.
Former CFPB Director Richard Cordray resigns from Education Department
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
Cullen/Frost boosts loan growth forecast despite higher-for-longer rates
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
Renasant taps insider as next CEO, Aspiration spins out new brand
Mississippi’s Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
PRESS RELEASE: FDIC Makes Public March Enforcement Actions; No Administrative Hearing Scheduled for May 2024
PRESS RELEASE | APRIL 26, 2024 FDIC Makes Public March Enforcement Actions; No Administrative Hearing Scheduled for May 2024 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March 2024. There are no administrative hearings scheduled for May 2024. The […]
American Banker news quiz: April 26
In the inaugural iteration of American Banker’s news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
Investors seek billions from SVB’s husk. Why regulators refuse to pay
The agency has a history of tangling with parent companies over how to split the burden after banking units collapse.
Associated in Green Bay gathers lending momentum, boosts margin
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
PRESS RELEASE: FDIC Names Five New Members to Advisory Committee on Community Banking
PRESS RELEASE | APRIL 26, 2024 FDIC Names Five New Members to Advisory Committee on Community Banking May 2nd meeting to address a wide range of community banking issues WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced five new members of the agency’s Advisory Committee on Community Banking: Marlene Barkheimer, CEO, Farmers State […]
Bank branches need to balance new technology with personal service
Branches won’t succeed without significant investment in mobile and in-branch technology; but failing to invest in bankers themselves is just as big a problem.