Former Chicago City Council member Patrick Daley Thompson may have made "misleading" statements about more than $200,000 in loans, the high court ruled — but they weren't "false."
BMO names Tony Sciarrino head of its U.S. commercial bank; Renasant receives regulatory approvals to complete its pending acquisition of The First Bancshares; Arkansas classifies earned wage access as a financial product; and more in this week's banking news roundup.
A recent American Bankers Association survey showed improvement since 2022, but overall scores are still lower than in 2020 and gaps widened between providers.
The direct-to-consumer earned wage access provider is allowing consumers access to their paycheck two days before payday. It's hoping it will draw in more customers.
The Consumer Financial Protection Bureau has rehired more than 100 fire employees, but the union claims dozens of employees have not been reinstated in violation of a federal court order.
The OCC will no longer assess reputational risk in bank exams, aligning with President Trump's push to curb debanking, which critics say drove politically motivated account closures.
