Chime Agrees to Buy Stride Bank Parent for $590 Million
Chime agreed to buy the parent of Stride Bank for $590 million, but federal approvals are still required before the proposed deal can close.
Banking
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Federal regulators propose more flexible bank-fintech oversight
Four federal banking agencies proposed risk-based vendor oversight, but banks would remain responsible for payment disputes, fraud controls and access to funds.
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FDIC Banking Complaints Rose 21% in 2025. Credit Cards Led Investigated Cases
The FDIC closed 32,128 complaint and inquiry records in 2025, up 21%. Credit cards led investigated cases, followed by checking accounts and loans.
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OCC Proposes Separating ‘Substantive’ and ‘Technical’ Bank Violations
The OCC proposal would reserve formal MRAs for more consequential violations while allowing examiners to direct correction of lesser problems.
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Fed Minutes Show Why the Discount Rate Stayed at 3.75%
New Fed minutes show some regional directors sought a 4% discount rate, but the Board kept it at 3.75% as the main policy range also stayed unchanged.
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Treasury Proposes Cutting Banque Misr’s UAE Branches From U.S. Banking
Treasury proposed restricting U.S. correspondent banking with five Banque Misr UAE branches over alleged Iran-linked transactions. The rule is not final.
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U.S. Proposes Cutting Banque Misr UAE From Dollar Access
FinCEN proposed barring U.S. correspondent accounts for Banque Misr’s UAE branches as OFAC separately sanctioned two Iran-linked facilitators.
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OCC and FDIC Narrow How Bank Examiners Flag Unsafe Practices
A new OCC-FDIC rule ties formal bank warnings more closely to material financial risks, legal violations and threats to the Deposit Insurance Fund.
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Fed proposes higher thresholds for bank insider loans
The Federal Reserve would update Regulation O and raise several insider-loan thresholds, but the proposal is not final. Comments are due October 5, 2026.
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Cash App settlement adds new pressure on payment apps over fraud protection
A 46-state settlement requires Cash App to expand live support, fraud safeguards and unauthorized-transfer investigations while separating state payments from consumer redress.
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Senators Demand Answers Over CFPB Complaint Portal Changes
Senators are pressing the CFPB over new verification rules and credit-reporting requirements that add steps for consumers seeking help with financial problems.
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Euro-Area Banks Tighten Credit as Energy and Geopolitical Risks Raise Lending Bar
Euro-area banks tightened lending standards for businesses and households in Q2, while business-loan demand rose and lenders signaled more tightening ahead.
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Barbados Reports Stronger Reserves and Bank Loan Quality
Barbados reported higher reserves, a lower debt ratio and improved bank loan quality in a July review, while an IMF backstop remains precautionary.
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Federal Reserve survey highlights payment-scam recovery gap
A Federal Reserve survey estimates $56 billion in 2025 net losses from non-credit-card fraud and shows worse recovery outcomes for some payment methods.
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DOJ says EagleBank will pay more than $9.7 million after BSA probe
United States National Accountability Fast Follow – DOJ says EagleBank entered a non-prosecution agreement and will pay more than $9.7 million to resolve a long-running Bank Secrecy Act investigation. ([justice.gov](https://www.justice.gov/opa/pr/eaglebank-agrees-pay-more-97-million-resolve-bank-secrecy-act-investigation))
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Treasury expands bank fraud-sharing rules, with immigration checks in the mix
FinCEN’s June 12 guidance lets banks share more suspected-fraud data under Section 314(b), while immigration-related compliance pressure looms.