April 14, 2025
| Today’s news and insights for banking industry leaders
The bureau dismissed the case without prejudice – meaning it could refile the lawsuit – setting it apart from other recent dismissals by the Russ Vought-led CFPB.
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The bureau can terminate employees who are determined, after an individualized assessment, to be unnecessary to the agency’s statutory duties, a three-judge panel ruled.
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The bank’s chair called October’s $3.09 billion settlement “extraordinarily painful.” Investors voted in four new board members Thursday, including Morgan Stanley’s former deputy CFO.
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Cloud lending platforms like Finastra’s LaserPro boost efficiency, cut costs, and help financial institutions stay agile and competitive in a fast-changing market.
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America First Legal dropped its lawsuit against Ally Financial after the lender largely scrubbed diversity references from its public filings.
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Flexible financing “will be essential to businesses” if higher-than-expected tariffs take effect, said Jeremy Jansen, Wells Fargo's managing director of supply chain finance.
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The trade war poses certain risks to JPMorgan Chase, given its global reach. “Add that to the list of worries – we will be in the crosshairs,” CEO Jamie Dimon said Friday.
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