Ian McKendry

WASHINGTON — The Association of Certified Anti-Money Laundering Specialists said Tuesday that former Financial Action Task Force executive secretary Rick McDonell will be taking over as the trade association's executive director.

WASHINGTON — The Federal Deposit Insurance Corp. will have a new head of legislative affairs after longtime FDIC official Eric Spitler retires at the end of the year.

Class-action lawsuits filed against some of the biggest names in retail banking and payments could prompt financial firms to reconsider their relationships with customers that play fantasy sports.

Banks and credit card companies could find themselves on the losing end if the daily fantasy sports companies DraftKings and FanDuel are deemed to have been running illegal gambling operations in the state of New York.

WASHINGTON — The Federal Deposit Insurance Corp. on Tuesday will release results of the banking industry's performance for the third quarter.

Banks and credit card companies could find themselves on the losing end if daily fantasy sports giants DraftKings and FanDuel are deemed to have been running illegal gambling operations in the state of New York.

Banks and credit card companies could find themselves on the losing end if daily fantasy sports giants DraftKings and FanDuel are deemed to have been running illegal gambling operations in the state of New York.

The New York Department of Financial Services' letter indicating potential cyber rules are prompting concerns that the state's plans could lead to more stringent measures throughout the industry.

The Islamic terrorist group that claimed responsibility for the devastating attacks in Paris last week is actively promoting the use of virtual currencies as a funding device, but such currencies are not more vulnerable to terrorist financing than other means, according to the head of the Financial Crimes Enforcement Network.

While government officials acknowledge that so-called derisking, in which banks sever ties with businesses considered high risk, is a growing problem, it's increasingly clear they believe it's mostly up to the banks to solve it.

WASHINGTON — The Federal Deposit Insurance Corp. reissued a document on Friday that clarifies when a deposit is considered brokered.

While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.

The New York banking regulator announced Tuesday it was working on new cybersecurity requirements even as bankers pushed agencies to further harmonize their efforts.

The Financial Stability Board finalized a standard Monday that will require 30 of the world’s largest banks to hold a combination of debt and equity that could be used to absorb losses and facilitate a resolution if one of them were to become insolvent.

A proposal that would require the biggest banks to issue long-term debt as a backstop to prevent another government bailout could instead instigate one, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said Thursday.

Marketplace lenders are still so new that their business model is untested and unproven, raising fears both for consumers and the industry at large, Federal Deposit Insurance Corp. officials and several bankers said Thursday.

The relevant question is no longer whether new regulations will come for the fast-growing industry, but what form they should take.

WASHINGTON — The financial services sector has been sharing information on cyber threats despite potential legal ramifications, but passage of a cybersecurity bill still winding its way through Congress may put those handshake deals into writing and bolster cyber-defenses.

The Treasury Department is still struggling to understand whether some businesses are losing access to the banking system because of heightened enforcement of anti-money laundering requirements and concerns about high risk activities, a top official said Wednesday.

WASHINGTON — Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig was elected as president of the International Association of Deposit Insurers on Thursday.