Santander to sell 7 Pennsylvania branches to NY bank

Community Bank will acquire the Allentown-area branches and expand its footprint in the Greater Lehigh Valley. The deal is expected to close in the fourth quarter. 

Capital requirements, a Fed reno and Trump overshadow Powell hearings

Sen. Elizabeth Warren urged caution on a move to reduce banks’ enhanced supplementary leverage ratio. The Fed chief appeared unflappable, however, in the face of the president’s calls to cut interest rates.

Consumer behavior index: The new rules of financial services discovery

CFPB terminates BofA consent order 3 years early

The bureau was to monitor Bank of America for five years in connection with a $12 million penalty it paid for allegedly failing to collect demographic data on mortgage applicants.

Fed joins OCC, FDIC in scrubbing reputational risk from exams

The central bank said it would replace references to the metric “with more specific discussions of financial risk.” Banks can still use the concept in their own risk management policies, the Fed said.

Ohio’s First Financial to acquire Westfield Bancorp in $325M deal

The transaction, set to close in the fourth quarter, would expand the Cincinnati’s bank’s presence in the opposite corner of the Buckeye State.