Banking

The Consumer Bankers Association (CBA) will be hosting its annual conference March 17-19 at JW Marriott Grande Lakes in Orlando, Fla. For real-time coverage of CBA LIVE 2025, follow Dodd Frank Update on X (@DoddFrankUpdate) as we share photos and updates during the retail banking sector’s premier event. Read on »

The three federal banking agencies issued the 2024 Shared National Credit report, describing credit risk associated with large, syndicated bank loans, as well as credit quality trends connected to the current state of interest rates. Read on »

Rocket Companies and Redfin have agreed to an acquisition agreement valued at $1.75 billion. The two digital lending platform is aiming to offer a more efficient, streamlined experience for borrowers through its new strategic partnership with one of the country’s most recognizable online real estate brokerages. Read on »

U.S. Treasury Secretary Scott Bessent scored some points with community banking advocates for his remarks during a speaking engagement at the Economic Club of New York, championing a more “efficient regulatory framework” for the financial sector. Read on »

The Office of the Comptroller of the Currency (OCC) published guidance reaffirming permissible cryptocurrency activities for banks while rescinding a requirement for institutions to get supervisory clearance before engaging in such activities. The agency also withdrew the OCC from a joint statement on crypto-asset risks to banking organizations. Read on »

Financial services providers and trade advocates have been watching the frenzy of activity among federal regulators and in Congress with great interest and have been actively pushing for changes aimed at benefiting their businesses. Learn about these policy stances and more in this roundup. Read on »

Community bankers from across the country are urging Congress to include the bipartisan Access to Credit for our Rural Economy Act (ACRE), S.838, in the FairTax Act of 2025. The ACRE aims to improve credit access and lower borrowing costs for farmers, ranchers and rural homebuyers. Read on »

The Consumer Financial Protection Bureau’s decision to drop its lawsuit against three of the nation’s largest financial institutions over alleged security deficiencies in the digital payment platform Zelle elicited cheers from industry advocates and jeers from consumer advocates. The dismissal comes as Republicans in Congress seek to repeal the bureau’s larger participant rule, which allows the agency to exercise its statutory authority to supervise nonbank financial institutions. Read on »

A resolution seeking to overturn the Consumer Financial Protection Bureau’s rule imposing a limit on bank account overdraft fees passed in the House Financial Services Committee by a 30-19 vote. The rule calls for banks with $10 billion or more in total assets to cap overdraft fees at $5. Read on »

The New York Attorney General accused Citibank of violating the Electronic Fund Transfer Act by failing to implement adequate security measures to protect consumers from fraud and allegedly denying reimbursement for unauthorized wire transfers. Banking advocates filed an amicus brief after the District Court for the Southern District of New York granted in part and denied in part the bank’s motion to dismiss the charges. Read on »