Trump abruptly cancels housing bill signing
President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
Truist shakes up C-suite, names Fiserv’s Lyons as CEO
The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
Basel, G-SIB proposals lower bank capital across the board
Federal regulators issued proposals Thursday to implement the final elements of the Basel III accords, adjust the global systemically important bank surcharge and implement standardized approaches for risk-weighted assets. The changes would reduce capital requirements for banks of all sizes affected by the rules.
Wells Fargo fully sheds Fed’s massive 2018 enforcement order
The bank exited the $1.95-trillion asset cap last year, but it had remained subject to the rest of the eight-year-old order.
JPMorganChase’s profit dips as it preps for Apple card portfolio
The largest bank in the country bulked up its reserves by $2.2 billion for potential credit hits from the Apple card portfolio, which JPMorgan is taking over from Goldman Sachs.
CFPB transfers enforcement to DOJ, to furlough some staff
The Consumer Financial Protection Bureau plans to transfer its entire enforcement and legal divisions to the Department of Justice and is likely to staff in those units, according to sources briefed by agency leadership.
Trump taps OMB official as new nominee for CFPB director
President Trump has nominated Stuart Levenbach, associate director of the Office of Management and Budget, to be the director of the Consumer Financial Protection Bureau. His selection allows acting CFPB Director Russell Vought to remain in place for at least another 210 days.
FDIC chair Martin Gruenberg to step down in January
Gruenberg, the Federal Deposit Insurance Corp.'s longest-serving board member, will step down in January, marking the end of an era after nearly 20 years on the agency's board of directors.
