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.
Financial Regulation
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Senate Sets Sept. 15 Test for Crypto Market-Structure Bill
The Senate is scheduled to test H.R. 3633 on Sept. 15, but the cloture vote would only open debate on a proposed crypto framework.
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CFPB Stops Publishing Consumer Complaint Narratives
The CFPB will keep collecting complaints and publishing structured data, but new consumer narratives and related visualizations are no longer part of its public database.
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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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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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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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Federal Reserve opens comment period on proposed payment account for fintechs
The Fed is seeking comment on a limited payment account for eligible firms, a proposal that could reshape payments, competition, and oversight nationwide.