Lalita Clozel covers fintech regulation, anti-money-laundering, cybersecurity and the Federal Deposit Insurance Corp. in American Banker's Washington bureau.
- Are Trust Charters the Key to Simplifying Fintech Regulation?
While regulators discuss a potential federal fintech charter, another possible solution for firms trying to avoid multistate licensing already exists: the trust charter.
November 8 -
Comptroller of the Currency Thomas Curry soundly rejected Thursday the possibility of creating a "safe space" for fintech firms to operate outside of consumer protection rules while they develop and test new products.
November 3 -
The Federal Deposit Insurance Corp. has received five deposit insurance applications so far this year an indication that the agency's open-for-business message is being heard by the industry.
November 3 -
WASHINGTON Morris Morgan, a longtime veteran of the Office of the Comptroller of the Currency, will become its next senior deputy comptroller for large-bank supervision, the agency said Tuesday.
November 1 -
The new cryptocurrency allows users to selectively disclose information about their transactions to authorized parties without exposing it to the world. That feature could make blockchains more appealing to financial institutions, but maybe less so for regulators.
October 31 -
WASHINGTON -- In a speech defending his support of Republican presidential nominee Donald Trump, PayPal co-founder Peter Thiel faulted both major parties for letting recent financial bubbles occur under their watch.
October 31 -
In a speech defending his support of Republican presidential nominee Donald Trump, PayPal co-founder Peter Thiel faulted both major parties for letting recent financial bubbles occur under their watch.
October 31 -
WASHINGTON A retired Office of the Comptroller of the Currency employee left last year with more than 10,000 sensitive records uploaded to two thumb drives, the agency revealed on Friday.
October 28 -
The Office of the Comptroller of the Currency is expanding efforts to encourage the development of new banking products, announcing Wednesday that it will establish an office of innovation to spearhead research and communication related to fintech.
October 26 -
WASHINGTON The Treasury Departments Financial Crimes Enforcement Network issued a reminder to banks that their obligations to report suspicious transactions also extend to certain cybersecurity attacks.
October 25
