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Will BB&T-SunTrust serve the community or Wall Street?

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Kelly King, chief executive officer of BB&T Corp., speaks at the U.S. Chamber of Commerce's Capital Markets Summit in Washington, D.C., U.S., on Wednesday, March 24, 2010. King said Senate Banking Committee Chairman Christopher Dodd's plan for a new consumer protection agency within the Federal Reserve is a "blatantly stupid" idea that must be modified. Photographer: Brendan Hoffman/Bloomberg *** Local Caption *** Kelly King
Brendan Hoffman/Bloomberg
BB&T's chief executive has not prioritized meeting with local leaders and consumer advocates to discuss its merger plans, missing a valuable opportunity to create a new kind of large bank.

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Pastor sues Wells Fargo, says negligence led to forgery charge

Jeff Edwards, Parsippany United Methodist Church
A Wells Fargo customer was interrogated, fingerprinted and mistakenly arrested for check forgery after a series of mistakes on the bank's part. He was cleared, and Wells says it made an error, but they are now fighting in civil court.

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'We were willing to shock historical norms': Otting on OCC's makeover

Comptroller of the Currency Joseph Otting
Joseph Otting, comptroller of the U.S. currency, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Patrick T. Fallon/Bloomberg
Patrick T. Fallon/Bloomberg
The comptroller, now a year and a half on the job, discusses his attempts to revamp the supervision process for national banks and make the agency run more efficiently.

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CFPB's assistant enforcement chief resigns: Sources

CFPB headquarters
Signage is displayed inside the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Monday, March 4, 2019. House Financial Services Committee Chair Maxine Waters will hold a hearing this week on the semi-annual review of the CFPB. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
Kristen Donoghue had been one of the agency's few remaining senior enforcement managers hired by former Director Richard Cordray.

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Is it too late for Congress to stop CECL?

Rep. Blaine Luetkemeyer, R-Mo.
Representative Blaine Luetkemeyer, a Republican from Missouri, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Nov. 14, 2018. Randal Quarles, vice chairman of supervision at the U.S. Federal Reserve, played down the risk of automation eliminating jobs and noted the "strong demand for labor in our current economy" as well as the hope that technology will enhance worker productivity. Photographer: Zach Gibson/Bloomberg
Zach Gibson/Bloomberg
Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders.

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A remittance fintech aims to be first of its kind to offer banking

Pangea debit card
Pangea says it is developing a digital account after customers complained that the bank relationship they had wasn't "for them."

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Did Ben Carson just mistake an REO for an Oreo?

HUD Secretary Ben Carson tweeted out a picture of himself posing with a bag of Oreo Cookies after he misunderstood a question from Rep. Katie Porter, D-Calif., who asked about "REO."
Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday.

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10 years after resurrection, BankUnited eyes Atlanta, servicing exit

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The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

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'Leap of faith': Fifth Third's Tanner resigning to focus on social causes

Teresa Tanner, Chief Administrative Officer at Fifth Third Bancorp.
Teresa Tanner, one of American Banker's Most Powerful Women in Banking, is stepping down as the bank's chief administrative officer to focus on larger societal issues, such as helping women advance in the workplace and creating economic opportunities for minorities and people with disabilities.

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Republican Senate bill would delay CECL until further study

Sen. Thom Tillis, R-N.C.
"Congress must have a clear understanding of what regulatory and supervisory failures occurred to allow the collapse of both Silicon Valley Bank and Signature Bank," Sen. Thom Tillis, R-N.C., said in a statement introducing bipartisan legislation to advance Federal Reserve transparency and accountability.
Al Drago/Bloomberg
The effort to delay CECL comes a week after a House panel mounted a bipartisan attack on the new FASB standard.

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