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.