Capital One lawsuit dropped; McKernan's plans for the CFPB; KeyBank grows partnership strategy
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
CFPB drops lawsuit against Capital One: The Consumer Financial Protection Bureau voluntarily dismissed a lawsuit against Capital One brought under the Biden administration alleging the bank failed to honor interest rate promises, costing consumers an estimated $2 billion.
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CFPB nominee McKernan says he will uphold the law: Under grilling from Senate Democrats, Consumer Financial Protection Bureau Director-designate Jonathan McKernan agreed to continue the statutory mandates of the bureau but refused to comment on Elon Musk, stop-work orders, or litigation that has been dropped against financial firms.
KeyBank partners with Treasury Prime for embedded banking: As KeyBank grows its fintech partnership strategy, Treasury Prime is bringing KeyBank's products into its network of banks and fintechs.
TD's U.S. business shows signs of life despite AML overhang: The Canadian bank's U.S. unit is restructuring its balance sheet and managing the fallout of anti-money-laundering compliance failures, but there were some positive indicators in last quarter's results.
How to apply for the Best Credit Unions to Work For 2025: Registration is now open for American Banker's annual awards for top credit unions.?
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