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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Bradley Linskens, the former top examiner of Wells Fargo at the Office of the Comptroller of the Currency, sued the agency Tuesday over records requests he had made related to his removal earlier this year.
May 18 -
The Commodity Futures Trading Commission has launched an office dedicated to exploring fintech issues, the agency’s head announced Wednesday.
May 17 -
The bank is pitching digital identity products to businesses as a way to improve user experience and guard against fraud.
May 15 -
New York’s banking regulator on Friday filed its own individual lawsuit against the OCC's fintech charter, asking the courts to block it.
May 12 -
President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system.
May 11 -
The announcement is the latest in a series of steps states are taking to make their licensing system more attractive to fintech companies.
May 11 -
There are barriers to possible efforts by acting Comptroller of the Currency Keith Noreika to act unilaterally to change the Volcker Rule.
By John HeltmanMay 11 -
The Conference of State Bank Supervisors announced a raft of initiatives on Wednesday designed to make the state licensing system more attractive to fintech companies.
May 10 -
The Office of the Comptroller of the Currency’s fintech charter could provide a workaround to a Dodd-Frank Act provision that slashed preemption for operating subsidiaries.
May 9 -
Guaranty Bank & Trust in Milwaukee was shut down by federal regulators Friday, just a week after one of the costliest failures since the crisis.
May 5 -
As Keith Noreika takes over as acting head of the Office of the Comptroller of the Currency on Friday, he faces a daunting challenge: a precipitous drop in morale at the agency.
May 4 -
The House Financial Services Committee approved the Financial Choice Act by 34 to 26. While it has enough support to clear the GOP-controlled House, it is unlikely to gain traction in the Senate.
May 4 -
Rebeca Romero Rainey, a third-generation community banker who rose to executive leadership in her early 20s, has been tasked to lead the Independent Community Bankers of America at a pivotal time.
May 2 -
Banking is not a “static” business, and must be allowed to evolve, Comptroller of the Currency Thomas Curry said Friday.
April 28 -
Scott Alvarez, the general counsel of the Federal Reserve, said the Dodd-Frank Act provision that allows regulators to handle the failure of a large financial institution would have been useful during the financial crisis.
April 27 -
The Conference of State Bank Supervisors has sued the OCC before the agency has finalized the requirements for a fintech charter, fueling speculation state regulators are trying to delay deployment or scare away potential applicants.
April 27 -
The Conference of State Bank Supervisors is suing the Office of the Comptroller of the Currency, arguing it lacks the legal power to create a fintech charter.
April 26 -
The Conference of State Bank Supervisors is suing the Office of the Comptroller of the Currency, arguing it lacks the legal power to create a fintech charter.
April 26 -
Fintech firms, banks, state regulators and consumer protection groups all expressed significant reservations about the Office of the Comptroller of the Currency's latest plan on its fintech charter initiative.
April 25 -
Wells Fargo has “adequately remediated the remaining deficiencies" in the living wills it had originally filed in 2015, regulators said on Monday.
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