Virginia community bank announces its exit from BaaS

Monday, April 21, 2025

MainStreet Bancshares in Fairfax has closed its banking-as-a-service subsidiary after the unit fell far short of meeting its revenue and deposit targets.

FDIC cutting 1,250 staffers across 'most' departments

Monday, April 21, 2025

The agency is offering buyouts and early retirement incentives for employees, with layoffs possible if targets aren't met, as part of the Trump administration's overall downsizing of the federal government.

By firing Democrats, Trump takes NCUA into legal gray area

Monday, April 21, 2025

The National Credit Union Administration insists it can still function with one board member, but legal experts and industry groups say any substantive regulatory actions could face serious challenges.

Synapse bankruptcy court orders Evolve Bank examination

Monday, April 21, 2025

Fund That Flip, a former Synapse customer that says its customers are owed $243,861, won the right to demand answers and documents from Evolve.

Comerica reduces 2025 guidance, may scale back investments

Monday, April 21, 2025

The Dallas-based regional bank doesn't plan to halt in-progress investments, but it may adjust the pace of spending this year, depending on which way the economy goes. It also made downward revisions to its outlook for average loans, net interest income, fee income and expenses.

Want jobs growth? Then loosen the reins on banks in the US

Monday, April 21, 2025

An administration willing to rethink longstanding regulatory norms could implement targeted reforms that unlock the potential for increased investment, innovation and job creation across the country.

Fed regulation, supervision take backseat in independence fight

Monday, April 21, 2025

Federal Reserve officials have all but conceded their claims to bank oversight independence while holding fast to monetary policy independence. But whether that line will hold is an open question.

Bad bots are taking over the web. Banks are their top target

Monday, April 21, 2025

Bad actors use generative AI to create automated threats that are more sophisticated than earlier generations of malicious bots, and they are going after banks' APIs.

Judge blocks mass firing at CFPB

Friday, April 18, 2025

A federal judge issued an order blocking the Trump administration from firing hundreds of Consumer Financial Protection Bureau employees, saying agency leadership had 'thumbed their noses' at the court's earlier injunction.

FDIC narrows bank resolution plan requirements

Friday, April 18, 2025

The FDIC has streamlined requirements for large banks' emergency resolution plans, eliminating some costly strategies and offering more flexibility in light of 2023's bank failures.