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02

Multifamily-addled Texas bank lands $228 million capital infusion

First Foundation will use the large investment to shrink its multifamily loan portfolio, which has weighed down its earnings since interest rates began rising.

Tuesday, Jul 2

00

Climate-friendly bank gets dinged by FDIC over its funding model

Maryland-based Forbright Bank, which is led by a onetime Democratic presidential candidate, relied extensively on brokered deposits as it grew after a 2021 rebranding. The bank says it has made changes in response to regulators' concerns.

23

Corporate lenders are locking down protection against tough times from high rates

The push for assurances on collateral is coming despite fierce competition for deals, and indicates borrowers face limits on their ability to change the standing of existing creditors to get the financing they need.

Supreme Court rulings will change the regulatory landscape — to a degree

A pair of rulings upended the deference afforded to agency interpretations of the law and extended the statute of limitations to bring regulatory challenges. But experts say the impact on banking regulation will likely be limited.

21

'Tech apprehension,' other hurdles that keep small banks from innovating

During a panel discussion at American Banker's Digital Banking conference last week, experts from American Commerce Bank discussed the launch of its virtual banking platform and theorized why other executives might be slow adopters.

Banking law is about to get weird

The excision of the Chevron doctrine from administrative law is the crest of a wave of litigative enthusiasm that has been building in the banking industry for years. But defanging the administrative state could also establish binding…

20

Powell: Fed independence has 'very broad support' from both parties

Federal Reserve Chair Jerome Powell brushed away concerns that a second Trump presidency could imperil the central bank's independence.

Margin pressure, potential loans losses on radar for small-bank earnings

With the Federal Reserve holding interest rates at elevated levels through the first half of the year, analysts are sharpening their collective focus on possible fallout from high deposit and borrowing costs.

19

'Anti-woke' bank hit with FDIC consent order as losses mount

Old Glory Bank, which has ties to conservative political figures and touts itself as "pro-America," needs to raise more capital to meet its regulator's requirements. "Failure is not an option. We're going to figure this out," the bank's…

17

Peer-to-peer wallet apps remain sticky despite fraud and scams

Consumers tend to use the P2P apps their friends and family members prefer, and most are unlikely to switch platforms in the next year, according to a new study from J.D. Power.

The FDIC's resolution plan for failed megabanks is an empty promise

The Federal Deposit Insurance Corp.'s framework for resolving a large bank failure is inadequate and leaves the door open to future taxpayer-subsidized bailouts.

16

20 community banks with the most farm loans

The top five community banks have more than $1.2 billion in combined farm loan portfolios as of March 31, 2024.

Scalia: 'Regulators are wise to be more careful' after Chevron ruling

Eugene Scalia, former Secretary of Labor and the banking lobby's lawyer on retainer for a potential challenge to Washington's capital reform effort, discusses the state of administrative law after the overturning of a key legal precedent.

01

Top executives at collapsed crypto bank Silvergate hit with SEC charges

Silvergate's former CEO and onetime chief risk officer settled allegations that they misled investors about the strength of the bank's anti-money laundering compliance program. Meanwhile, Silvergate's former CFO denied separate allegations…

Monday, Jul 1

23

Patrice Ficklin, CFPB's head of fair lending, to leave for Fannie Mae

Ficklin has been the CFPB's only fair lending director since 2011, establishing the office under Elizabeth Warren and pushed fair lending enforcement beyond mortgages into other financial products such as credit cards.

22

What banks should know about SCOTUS' 'swipe fee' ruling

The court didn't rule on the merits of any regulation, but made it much easier to challenge rules governing banking.

Revolut Readies 2023 Results in Boost for U.K. Bank License Bid

The fintech has spent years trying to get a banking license from U.K. regulators that would allow it to expand its offerings in its home country.

How JPMorgan Chase is fraud-proofing its branches

The bank has seen positive returns expanding its national branch network, but it is contending with fraudsters who are increasingly targeting branches.

Exclusive: Brown urges Synapse partners to restore consumer funds

Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, told Synapse's partner banks, fintech companies and investors to pool together resources to immediately restore customer's access to deposits frozen in lengthy…

17

Are tech-enhanced metal payment cards better for security?

Even as more transactions go fully digital via apps and devices, one card manufacturer is betting that metal payment cards have a long-term future as status symbols — and secure payment devices.

Banks' use of credit risk transfer transactions is opaque and risky

CRTs have changed since the financial crisis. But the eventual credit cycle turn is likely to show again that weaker banks' CRT use merely transformed, but did not eliminate, risk.

12

American Banker news quiz: July 1

In this edition of American Banker's news quiz, test yourself on the Synapse bankruptcy, the growth of alleged violations of the Fair Credit Reporting Act, Funding Circle's sale of U.S.-based assets and more.

04

Getting to yes: Reported Basel retooling may — or may not — have legs

Banking experts are divided on how regulators will reshape the capital overhaul and if reported revisions being floated by regulators will meet the banking industry's demands.

Saturday, Jun 29

02

After passing stress tests, big banks plan to increase dividends

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Two days after the Fed released the results of its annual stress tests, the nation's eight largest banks all announced plans to supplement their payouts to shareholders. At the same time, most of the banks also said that their capital…

Friday, Jun 28

00

Thread Bank regulatory action calls out its BaaS business

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The Tennessee bank is the latest to be punished for lapses in oversight of fintech partners. Unlike most FDIC consent orders, the filing liberally uses the terms "fintech" and "BaaS."

23

Banking groups balk at proposed cyber incident reporting rule

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The trade groups said Friday that a proposed rule from CISA would burden firms with overly broad reporting requirements as they scramble to respond to incidents.

21

June community bank C-suite changes

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New top executives were lined up for lenders across the West and Midwest, including Bank of North Dakota.

20

Digital lending projects prioritize speed at megabank and credit union

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Executives from Citi and TDECU teased their plans for digital lending at American Banker's Digital Banking conference this week.

Michigan credit unions to merge, NYCB to enact a reverse stock split

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Bloom Credit Union and West Michigan Credit Union aim to join forces; Long Island-based New York Community Bancorp plans a reverse stock split; Providence, Rhode Island-based Citizens Financial hires longtime California banker to lead its…

Coinbase sues FDIC over efforts to debank crypto companies

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The company says the FDIC's "pause letters" to banks and denial of Freedom of Information Act requests are illegal.