Lalita Clozel covers fintech regulation, anti-money-laundering, cybersecurity and the Federal Deposit Insurance Corp. in American Banker's Washington bureau.
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The National Credit Union Administration has laid out a detailed and comprehensive reform plan, with proposals ranging from minor procedural changes to more ambitious goals, like a firmer assertion of federal preemption over state laws.
August 16 -
In the midst of a public feud between federal regulators on the right process for chartering new banks, Federal Financial Analytics argues that regulators should instead focus on loosening capital standards for new industry entrants.
August 16 -
The Federal Deposit Insurance Corp. will release its industry earnings report for the second quarter on Aug. 22.
August 15 -
The Dodd-Frank Act’s Volcker Rule was meant to protect the financial system, but it is also stopping community banks from investing in funds focusing on fintech.
August 11 -
While acting Comptroller of the Currency Keith Noreika's criticism that the FDIC is hampering the creation of new banks may have had merit in the past, the agency has fixed many problems.
August 10 -
Federal regulators said Tuesday they would allow dozens of foreign banks and two U.S. bank holding companies to file their resolution plans by Dec. 31, 2018.
August 8 -
After repeated attacks from acting Comptroller of the Currency Keith Noreika, the Federal Deposit Insurance Corp. defended its role in greenlighting prospective bank applicants.
August 4 -
The OCC's move to solicit feedback on rolling back the Volcker Rule was only the first step in a long process, yet observers say it shows how fractured the five agencies tasked with implementing the proprietary trading ban have become.
August 3 -
The online lending platform Kabbage announced Thursday it has raised $250 million from the Japanese telecom giant SoftBank, marking its largest equity fundraising round to date.
August 3 -
In their biannual Shared National Credits Program report, regulators said that banks' exposure to leveraged loans and the oil and gas sector remained a source of concern.
August 2