Ian McKendry

WASHINGTON — Republican lawmakers continued their assault Wednesday on a portion of the Dodd-Frank Act that grants the Federal Deposit Insurance Corp. the ability to seize and unwind a failing banking company, arguing that reforming the bankruptcy code is a better way to tackle "too big to fail."

Bank regulators are likely to take further action to force banks to upgrade their cybersecurity processes as hackers continue to find ways to penetrate institutions’ defenses, Benjamin Lawsky, the top former New York bank supervisor, said Tuesday.

The debate about how big a bank needs to be before it poses a threat to the economy heated up again Thursday as lawmakers battled over the $50 billion threshold imposed by the Dodd-Frank Act.

Republican lawmakers continued their legislative attempts Wednesday to require more transparency from the Federal Reserve Board and force the central bank to more accountable to lawmakers.

WASHINGTON — The Federal Deposit Insurance Corp. issued a $140 million enforcement action against Banamex USA, a Citigroup subsidiary, on Wednesday for having Bank Secrecy Act and anti-money laundering deficiencies.

WASHINGTON — Treasury Secretary Jack Lew said Monday that the Obama administration will continue to defend the Dodd-Frank Act amid Republican efforts to water down the law, even as one of its namesakes suggested changes to it may be necessary.

A new proposal by the FDIC could further discourage the use of noncore deposits, including those facilitated by deposit brokers and listing services and even certain reciprocal instruments not subject to the brokered-fund penalty.

WASHINGTON — The Consumer Financial Protection Bureau released a monthly snapshot of its complaint database on Thursday, the first of what will be a series of monthly reports that dig deeper into the trove of data it collects.

House Financial Services Committee Chairman Jeb Hensarling is planning to push legislation that would rein in the Federal Reserve Board.

Legislation requires regulators to study whether FIs without systemic footprints should have to hold higher capital because of their servicing assets.