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Comptroller of the Currency Thomas Curry (Bloomberg News)
Cybersecurity is "a state of constant worry," said Comptroller Thomas Curry.
In an interview, Comptroller Thomas Curry expressed concern about eroding loan standards and the potential for crippling cyberattacks. But he also argued that the industry is much stronger than it was a decade ago.

Top Stories

State regulators and House lawmakers warned the Consumer Financial Protection Bureau not to preempt state laws when the agency issues its proposal to regulate payday-type loans.  more »
A cybercrime ring that reportedly stole $1 billion from banks around the world last year is back, using different tactics. For one thing, it's more often going after banks' corporate customers, making its activities harder for banks to detect.  more »
Senate Banking Committee members pushed Federal Reserve Chair Janet Yellen Thursday for some indication of whether the central bank would approve banks so-called "living wills" or instead will force asset sales and other steps to simplify their structures.  read more »
FinTech Forward
What's Behind Restructuring of BBVA's Fintech Venture Fund
Banks' in-house venture funds tend to favor mature fintech companies, but BBVA's establishment of an outside fund should help the bank get in on the ground floor with early-stage companies.  read more »
Inspired by marketplace lenders, Live Oak Bancshares created a largely digital product that can make a credit decision on a small-business loan within 48 hours. The product, which combines human decision-making and automated credit scoring, could go national as early as next year.  read more »
Evans, soon to retire as CEO of Cullen/Frost Bankers, believes his company is well positioned to withstand the fallout from low oil prices. He is advising his successor to avoid the temptation to panic and focus on the long view.  read more »
Online lenders like Aprenita, Payability and Pollen VC have all launched within the last 13 months to fill a need they say is not being met by traditional banks, and only partially by venture capitalists and invoice-financing companies.  read more »
Banking has been quiet compared with other industries, but now activist investors are bulking up and planning to go after bigger targets. Look for the next M&A wave to be fueled by these aggressive hedge funds as they push for board seats and ultimately a sale.  read more »