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 question of how and why Wells Fargo failed its living will test is an issue the bank needs to address soon as it faces another deadline to fix problems identified by regulators.
December 15 -
WASHINGTON Due to its declining receivership responsibilities, the Federal Deposit Insurance Corp. said Tuesday that it will again reduce its operating budget for fiscal year 2017.
December 13 -
Industry observers worry that the Dodd-Frank Act's Title II which gives the Federal Deposit Insurance Corp. authority to oversee the resolution of a complex financial institution could be the first thing under fire when the Trump administration undertakes financial reform.
December 12 -
WASHINGTON Federal regulators on Monday finalized a rule that lowers the barriers for banks to qualify for extended examination cycles
December 12 -
A week after the Office of the Comptroller of the Currency created a new federal charter for fintech firms, California's financial regulator is calling on other states to work together in making their licensing system more palatable to companies.
December 12 -
A week after the Office of the Comptroller of the Currency created a new federal charter for fintech firms, California's financial regulator is calling on other states to work together in making their licensing system more palatable to companies.
December 9 -
The Office of the Comptroller of the Currency faces a challenging task as it attempts to add financial inclusion requirements to its pending fintech charter without following the exact blueprint of the Community Reinvestment Act.
December 8 -
The Office of the Comptroller of the Currency's plan to offer a national charter for fintech firms immediately sparked a battle between consumer advocates and state regulators, who see it a dangerous move, and fintech firms and certain banks, which hailed it as the future.
December 5 -
Key details like exactly how many regulations companies will face remain to be worked out on the Office of the Comptroller of the Currency's new limited-purpose charter for fintech firms, leaving the industry divided on whether the charter is a good idea.
December 2 -
The Office of the Comptroller of the Currency will start granting limited-purpose bank charters to fintech companies, but intends to maintain high standards for new entrants.
December 2
