Caitlin Mullen

Charlotte

Reporter at Tech Target

Reporter, @PaymentsDive | CLT transplant | Chicagoland native | Mom | @NIUNorthernStar alum

Articles

Inside Regions’ effort to upskill its SMB, mass-affluent bankers

1 week ago | bankingdive.com | Caitlin Mullen

As Regions faces increasing competition in the Southeast, the bank is working to reskill about 600 of its bankers that serve business and consumer clientele. The Birmingham, Alabama-based bank is reskilling about 300 small-business bankers and 300 mass-affluent-focused senior consumer bankers, across 600 of its branches, said John Jordan, head of retail banking at Regions, during a recent interview.
Tariffs may fuel supply chain financing interest: Wells Fargo exec

1 week ago | supplychaindive.com | Caitlin Mullen

This audio is auto-generated. Please let us know if you have feedback. As large companies mull their supplier bases and evaluate payment terms amid ongoing tariff volatility, it’s become an opportune moment for supply chain financing, a Wells Fargo executive said. “There’s really a sweet spot here in the banking sector” in helping those businesses create working capital when they’re facing increased costs, said Jeremy Jansen, managing director of supply chain finance at the bank.
Bank of America ordered to pay FDIC $540M in risk lawsuit

1 week ago | bankingdive.com | Caitlin Mullen

Bank of America has been ordered to pay the Federal Deposit Insurance Corp. $540.3 million in a years-long lawsuit in which the bank regulator accused the lender of underpaying its deposit insurance obligations. In the order, signed March 31 and made public Monday, U.S. District Judge Loren L.
CFPB drops case against Comerica

1 week ago | bankingdive.com | Caitlin Mullen

The Consumer Financial Protection Bureau on Friday dismissed its case against Comerica Bank, without prejudice, meaning the bureau could refile the lawsuit. In March, the bureau had requested a 90-day stay in its lawsuit against Comerica, which was filed in U.S. District Court for the Northern District of Texas by the Biden-era CFPB. The bank, in turn, asked the judge to deny that request, which Judge Jane J.
Dimon points to ‘turbulence,’ sees uncertainty persisting through July

1 week ago | bankingdive.com | Caitlin Mullen

As tariff volatility continues to roil the economic outlook, JPMorgan Chase CEO Jamie Dimon pushed Friday for a speedy resolution on global trade agreements, although he doesn’t expect uncertainty to clear up by July.
Tariffs may prompt clients to revisit supply chain financing, Wells exec says

1 week ago | bankingdive.com | Caitlin Mullen

As large companies mull their supplier bases and evaluate payment terms amid ongoing tariff volatility, it’s become an opportune moment for supply chain financing, a Wells Fargo executive said. “There’s really a sweet spot here in the banking sector” in helping those businesses create working capital when they’re facing increased costs, said Jeremy Jansen, managing director of supply chain finance at the bank.
Warren presses Fed’s Bowman on tariff stance

2 weeks ago | bankingdive.com | Caitlin Mullen

Sen. Elizabeth Warren, D-MA, appeared to grow exasperated with Federal Reserve Gov. Michelle Bowman’s responses on how tariffs could harm financial stability and whether the nominee for Fed vice chair for supervision would push for stress testing to gauge the biggest banks’ readiness to withstand associated shocks.
Treasury eyes bigger regulatory role, Bessent says

2 weeks ago | bankingdive.com | Caitlin Mullen

Treasury Secretary Scott Bessent told a group of bankers Wednesday that the department “intends to play a greater role in financial regulation,” as the Trump administration seeks to ensure bank regulators fulfill their statutory mandate “consistent with his priorities.” In particular, Bessent, speaking at the American Bankers Association’s Washington summit, will focus on ensuring smaller, community banks matter more in bank regulation, pursuing reforms related to regulatory tailoring,...
The smaller the CFPB, ‘the better,’ Senate banking chair says

2 weeks ago | bankingdive.com | Caitlin Mullen

Sen. Tim Scott, R-SC, is projecting early May for a full Senate vote on Jonathan McKernan’s nomination to lead the Consumer Financial Protection Bureau. The Senate Banking Committee, which Scott chairs, voted last month to advance McKernan’s nomination as CFPB director, and a full Senate vote is “imminent,” the senator said Tuesday during the American Bankers Association’s Washington summit.
PNC picks BlackRock vet as next president

2 weeks ago | bankingdive.com | Caitlin Mullen

PNC has named Mark Wiedman its next president, the Pittsburgh-based bank said Monday. Wiedman joins the bank from asset manager BlackRock, where he was a senior managing director and a member of the firm’s global executive committee. PNC’s primary business lines and the regional presidents office will report to Wiedman, who will report to CEO Bill Demchak.