How Atlantic Union plans to fill a gap in Virginia’s banking market
Mergers have left Virginia without an independent statewide financial institution. Atlantic Union CEO John Asbury is trying to change that.
Transfer of CFPB $8 late fee rule lawsuit stayed pending appeal
A federal appeals court is putting the transfer of a lawsuit challenging the Consumer Financial Protection Bureau on hold pending the outcome of a hearing on the suit’s appropriate venue.
Texas judge blocks updated CRA rules
A federal judge in Texas sided with bank trade groups, agreeing that bank regulators might have overstepped their authority in reforming parts of the Community Reinvestment Act.
Judge rules against Custodia in Fed master account case
The federal court judge determined that Federal Reserve banks are not obligated to grant master accounts. The decision set a precedent that has already been cited in another case.
AI adoption, PNC setbacks: Top tech news for March 2024
In this month’s roundup of top tech news: Organizations like First Horizon and TransUnion explore the use of artificial intelligence, Metropolitan Commercial Bank leaves the banking-as-a-service marketplace, BNY Mellon and Microsoft team up to oversee a new data management platform and more.
NYCB tailspin, JPMorgan lawsuit: Top banking news for March 2024
In this month’s roundup of top banking news: New York Community Bancorp works through internal strife, JPMorgan Chase accuses TransUnion and others of data theft, KPMG comes under fire and more.
Press Release: FDIC Appoints E. Marshall Gentry as Deputy to the Chairman and Chief Financial Officer
PRESS RELEASE | APRIL 1, 2024 FDIC Appoints E. Marshall Gentry as Deputy to the Chairman and Chief Financial Officer WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors has approved the selection of E. Marshall Gentry as Deputy to the Chairman and Chief Financial Officer (CFO). Mr. Gentry succeeds Bret D. Edwards, […]
Critics have misread the CBO’s report on the Federal Home Loan banks
The Congressional Budget Office report on the Home Loan banks illustrates the ways the nearly 100-year-old system is integral to the U.S. economy, and its benefits for American consumers.
Nominations are now open for the Most Powerful Women in Banking 2024
This annual list of luminaries honors the women who lead in banking and finance across the country, individually and in teams.
FDIC rebukes Sutton Bank, Piermont Bank over fintech partners
The steady drumbeat of consent orders against banks that offer banking as a service continues, with regulators telling banks to keep a closer eye on their fintechs’ compliance with the Bank Secrecy Act and money laundering rules.