Lalita Clozel

The Office of the Comptroller of the Currency’s proposal to require fintech charter applicants to draft and comply with a financial inclusion plan appears to have more teeth than similar Community Reinvestment Act requirements for banks.

New York State Department of Financial Services Superintendent Maria T. Vullo speaks out on cybersecurity regulation, cracking down on bad actors in the industry and the OCC's fintech charter.

New York State Department of Financial Services Superintendent Maria T. Vullo speaks out on cybersecurity regulation, cracking down on bad actors in the industry and the OCC's fintech charter.

The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.

The administration wants to deal with the concerns of banks of all sizes in its deregulatory efforts, Treasury Secretary Steven Mnuchin said Friday.

Should Joseph Otting be appointed comptroller of the currency, it would be a crucial step in the new administration’s deregulatory efforts.

Democrats, financial services industry executives and even Wall Street reformers are speaking out against President Trump's proposed cuts to the CDFI program.

The Federal Deposit Insurance Corp. said the Deposit Insurance Fund is projected to reach 1.35% of insured deposits next year, well ahead of a 2020 deadline.

A bank took the unusual step of suing the FDIC over its Camels rating of 4 in a case that could set an important precedent for the industry.

Some in the industry are faulting The Clearing House Association's plan to make anti-money-laundering rules more efficient.

The Office of the Comptroller of the Currency on Wednesday released more information on how it plans to evaluate and supervise fintech companies seeking a bank charter.

New York's financial regulator had sought to expand licensing requirements for certain fintech firms through a provision in the state's budget, but the provision was not included.

In trying to defend the fintech charter from attacks on the left, Comptroller Thomas Curry wound up frustrating the GOP.

FDIC Vice Chairman Thomas Hoenig's plan to allow large institutions to separate their core banking activities from their investment activities could allow the Trump administration a way to reinstate the Glass-Steagall Act.

House Republicans' concern with the Office of the Comptroller of the Currency's fintech charter signals growing lawmaker resistance to the plan, which was already opposed by two prominent Senate Democrats earlier this year.

Banks and consumer rights groups appear to have found unusual common ground in the debate over screen scraping, asking the CFPB to weigh in on the application of certain regulations to fintech companies that aggregate financial data on customers' behalf.

Comptroller of the Currency Thomas Curry defended plans to offer a nonbank charter to fintech firms, disputing, among other things, arguments that his agency lacks the legal authority to do so.

A broad range of industry players are panning an October proposal by bank regulators that would impose new cybersecurity requirements on big banks, arguing it will only slow them down.

Although the news was mostly positive, the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed potential warning signs for financial institutions.

Banks had a largely positive fourth quarter, but the Federal Deposit Insurance Corp. still saw signs of concern ahead, including slower overall loan growth.