Ian McKendry is the Congress reporter for American Banker. He previously covered the Federal Deposit Insurance Corp., anti-money laundering and cybersecurity. Before joining American Banker he was an economic reporter for Market News International.
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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.
By Ian McKendryJuly 20 -
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.
By Ian McKendryJuly 17 -
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.
By Ian McKendryJuly 16 -
House Financial Services Committee Chairman Jeb Hensarling is planning to push legislation that would rein in the Federal Reserve Board.
By Ian McKendryJuly 16 -
Legislation requires regulators to study whether FIs without systemic footprints should have to hold higher capital because of their servicing assets.
By Ian McKendryJuly 15 -
WASHINGTON The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.
By Ian McKendryJuly 14 -
WASHINGTON The World Bank is wrapping up a global survey to examine if "de-risking" is leading banks to disassociate from remittance businesses in areas prone to money-laundering activities.
By Ian McKendryJuly 10 -
As Treasury Secretary Jacob Lew defended the legacy of the 2010 reform law, in another part of the capital a banker and Republican lawmakers pleaded for legislative changes.
By Ian McKendry and Victoria FinkleJuly 8 -
Federal regulators have unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.
By Ian McKendryJuly 1 -
WASHINGTON Federal regulators on Tuesday unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.
By Ian McKendryJune 30 -
WASHINGTON Federal regulators on Tuesday unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.
By Ian McKendryJune 30 -
The agency's Semiannual Risk Perspective pinpointed compliance and operational risk as potential problems for big banks while it outlined a different set of challenges for midsize and community banks.
By Ian McKendryJune 30 -
One key test of banks' latest living will submissions, the first batch of which are due Wednesday, is whether the public portions of their plan are understandable to the public. If they aren't, regulators are ready to take tough action against institutions.
By Ian McKendryJune 29 -
The Consumer Financial Protection Bureau went forward with a controversial move Thursday to include narratives in its complaint database.
By Ian McKendryJune 25 -
Witnesses testifying on Capitol Hill said legislation requiring incorporating companies to state true owner information would combat launderers.
By Ian McKendryJune 24 -
Regulators finalized a rule Monday requiring banks to escrow flood insurance premiums and fees for loans on real estate located in a flood zone.
By Ian McKendryJune 22 -
WASHINGTON Regulators finalized a rule Monday requiring financial institutions to escrow flood insurance premiums and fees for loans on real estate located in a flood zone.
By Ian McKendryJune 22 -
The Treasury Department gave financial institutions a rare pat on the back in a recent analysis of anti-money-laundering safeguards, saying the system has significantly improved.
By Ian McKendryJune 19 -
The Federal Deposit Insurance Corp. is set to revamp deposit insurance premiums to make them more risk-sensitive, targeting areas that caused institutions to fail during the financial crisis.
By Ian McKendryJune 16 -
WASHINGTON The Federal Deposit Insurance Corp. unveiled a proposal Tuesday that would change the calculus used in determining assessment fees for small banks, resulting in most of those institutions paying less in premiums.
By Ian McKendryJune 16