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The bureau backed its court opponent’s bid to stay the compliance date of the rule because it intends to issue a new one, it said.Read more➔
Individual claimants – of which there are 18 million – can request settlements of up to $3,000 after data was allegedly improperly protected by the bank.
The lawsuit accused the New York City-based bank of “unabashed racial discrimination” for waiving ATM fees for customers of minority-owned banks but not for white-owned banks.
The Los Angeles bank's victory caps a nearly yearlong battle for the Hawaii bank, which saw repeated competing offers from Blue Hill Advisors.
Bank of America is combining consumer units and giving one of its most senior women a bigger role leading the lender’s retail, consumer and preferred banking divisions.
Tariff volatility has roiled bank stocks, creating roadblocks for some would-be mergers and acquisitions that lean on valuations, analysts said.
The fintech aims to bring a “private banking experience” with the checking and savings account products it's launching this fall, a Robinhood executive said.
“What bill pay was in the ‘90s and early 2000s, we want bill management to be [now] ... to transform how people interact with companies that they owe money," Atomic co-founder Jordan Wright said.
The 17-year JPMorgan alum replaced Guy Chiarello as chief operating officer, with the latter moving to a vice chair role at the payments processor.
A conservative legal group wants American Express to end financial incentives for executives who source diverse suppliers, although the card issuer says it doesn’t offer those anymore.
The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.
Acquiring $2.8 billion-asset Southern States would grow Nashville, Tennessee-based FB to $16 billion in assets and expand its footprint in Alabama and Georgia.
The state's attorney general, Jonathan Skrmetti, "commend[ed] Wells Fargo’s pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.
Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.
Zelle users will need to turn to their online banking portals in light of EWS proceeding as planned with the shutdown of its Zelle app this month.
Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."
A plane that crashed in a Minneapolis suburb Saturday was registered to Terry Dolan, the lender’s chief administration officer. CEO Andy Cecere confirmed in a Monday memo to employees that Dolan died in the crash.
Updated March 31, 2025
The agency must reinstate fired probationary and term employees and can’t enact mass reductions in force, the court said. The injunction also lifts CFPB Acting Director Russ Vought’s stop-work order.
Charlie Javice and Olivier Amar face up to decades in prison for falsifying Frank’s customer numbers amid its $175 million sale to JPMorgan Chase.
Glass Lewis recommended investors vote against Goldman Sachs’ CEO and president each receiving $80 million retention bonuses.
Morgan Stanley, JPMorgan Chase and other industry giants are reaping efficiency rewards and attracting tech talent simply by sharing code.
Michael Shepherd will remain as interim chief executive officer potentially through June, and receive a $2.4 million cash bonus if the sale to Capital One closes by then.
Federal banking regulators pointed to pending litigation as the reason for pulling back the 2023 rule.
The bureau’s measure to cap overdraft at $5 is a House vote and presidential signature away from being repealed.
The Charlotte, North Carolina-based bank is emphasizing listening cards to guide advisers' conversations with clients past the pitch stage.
After restructuring, the Office of External Relations and Strategic Partnerships will be headed by Andrew Moss, Rodney Hood’s acting chief of staff.
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