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The Federal Deposit Insurance Corp. unveiled a proposal Thursday to recoup billions of dollars spent on some of the biggest bank failures in more than a decade, outlining plans for a "special assessment" that would fall mostly on banks with more than $50 billion in assets.
The Consumer Financial Protection Bureau has urged the U.S. Supreme Court to affirm the constitutionality of its budgetary independence, kicking off briefing in a case that could overhaul how the agency is funded and threaten more than a decade of its regulatory actions.
A Consumer Financial Protection Bureau proposal to slash credit card late fees by billions of dollars annually is generating intense pushback from the banking industry, which says the plan was shoddily crafted, will hurt credit availability and risks landing the agency in court.
California's state banking regulator said Monday it will ramp up its scrutiny of banks' uninsured deposits, review how it deploys supervisory staff and adjust its examinations to put more focus on risks from social media and digital banking technology in the wake of Silicon Valley Bank's failure.
TD Bank's planned $13.4 billion acquisition of First Horizon Corp. was hailed as last year's biggest bank mergers and acquisitions deal, but prolonged approval delays and heightened regulatory uncertainty clouded its prospects for months before it was finally called off Thursday.