Ian McKendry

Bank regulators plan to release their self-assessment tool later this quarter to gauge institutions' cyber readiness, but many see it as sign of more prescriptive measures down the road.

As the industry's recovery boosts hopes of new-bank activity, some are already focused on what the greater stability could mean for the embattled industrial loan company charter.

President Obama lauded the Consumer Financial Protection Bureau Thursday for cracking down on high interest rate, short-term loans while defending the agency against attempts to defang it.

A top Democratic lawmaker said Wednesday that the compliance burdens placed on small and medium sized banks outweigh the risks they pose to the financial system.

Under tough questioning on Capitol Hill, Federal Deposit Insurance Corp. Martin Gruenberg said the agency accepts blame for fallout over its "high risk" businesses list as an internal FDIC watchdog is still investigating.

As lawmakers consider federal notification and information-sharing measures, a state official expressed jurisdictional concerns about creating national standards.

WASHINGTON — NCUA is working to streamline the exam process and reduce the burden for credit unions, according to Larry Fazio, director of the agency's Office of Examination and Insurance.

Observers fear state regulator Benjamin Lawsky's proposal to model anti-laundering reviews after Sarbanes-Oxley requirements could thin ranks of compliance specialists and slow monitoring.

WASHINGTON — The Federal Housing Administration's recent premium reduction is undercutting the private sector and expanding the government's role in the housing market, housing finance industry representatives told a House subcommittee on Thursday.

The Federal Housing Administration's recent premium reduction is undercutting the private sector and expanding the government's role in the housing market, housing finance industry representatives told a House subcommittee on Thursday.

WASHINGTON — President Obama on Wednesday formally signed off on the creation of a national intelligence center to share information about cyber threats.

WASHINGTON — President Obama on Wednesday formally signed off on the creation of a national intelligence center to share information about cyber threats.

A senior regulatory official on Wednesday continued the alarm bell over the brisk growth in auto lending, suggesting that some lending terms could be setting up banks for trouble.

Community bank earnings surged 28% to $4.8 billion during the fourth quarter, compared to a 7.3% decline for the industry as a whole, according to a report released Tuesday by the Federal Deposit Insurance Corp.

WASHINGTON — An increase in litigation costs at a few large banks and lower noninterest income led to a year-over-year decline in earnings, the Federal Deposit Insurance Corp. said Tuesday.

Online banking, ATMs and other advances have limited face-to-face transactions, but new Federal Deposit Insurance Corp. research says the brick-and-mortar office isn't going anywhere just yet.

WASHINGTON — Frank Keating, the chief executive of the American Bankers Association, is stepping down at the end of the year and a search for his successor has already begun.

Online banking, ATMs and other advances have curtailed face-to-face transactions, but new Federal Deposit Insurance Corp. research says the brick-and-mortar office isn't going anywhere just yet.

WASHINGTON — Federal regulators extended the deadline for three nonbank firms considered "systemically important" to submit their revised resolution plans, also known as living wills.

Bankers, technology CEOs and President Obama are throwing everything they have at countering the growing threat of cyber attacks, putting their faith in biometrics, tokenization and data sharing. But it's far from clear that it will be enough.