Lalita Clozel

For regulators to develop a unified framework for fintech companies to operate in, they first have to come to a consensus.

WASHINGTON — Bank trading revenue in the second quarter rose by more than 25% from a year earlier to $6.9 billion on rising combined interest rate and foreign exchange revenue, according a report issued by the Officer of the Comptroller of the Currency on Tuesday.

WASHINGTON – Parts of the revised resolution plans of the eight largest U.S. banks were released Tuesday, according to the Federal Reserve and Federal Deposit Insurance Corp.

WASHIINGTON -- The Federal Deposit Insurance Corp. on Friday published its annual summary of insured deposits U.S. banks and thrifts.

The Office of the Comptroller of the Currency has moved forward on a plan to require large banks to establish recovery plans – a type of self-administered stress test to be shared with the agency.

Comptroller of the Currency Thomas Curry provided new details Wednesday about guidance expected soon that will attempt to discourage banks from cutting off relationships with foreign financial institutions in certain parts of the world.

The Chamber of Digital Commerce has opened a new outpost in the nation's capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center.

WASHINGTON -- The Chamber of Digital Commerce has opened a new outpost in the nation’s capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with local incubator 1776 to launch the DC Blockchain Center.

As the U.S. prepares to face the results of an evaluation by the Financial Action Task Force for its anti-money-laundering and terrorist financing efforts, there are signs that it might receive a bad grade.

WASHINGTON — Federal regulators are not moving fast enough on fintech, prompting Rep. Patrick McHenry to introduce a bill designed to give them a push.

WASHINGTON – For the second time, a federal judge has ruled that the Treasury Department’s Financial Crimes Enforcement Network must withdraw a rule designed to cut off the Tanzanian bank FBME from the U.S. financial system.

WASHINGTON — A Republican lawmaker is urging the Office of the Comptroller of the Currency to consider issues related to virtual currency companies as the agency develops a fintech regulatory framework.

Virtual currency advocates are hoping a recent surge of support in Congress can help them accomplish a long-sought goal of creating a safe-harbor for companies that do not directly hold customers' funds.

Virtual currency advocates are hoping a recent surge of support in Congress can help them accomplish a long-sought goal of creating a safe harbor for companies that do not directly hold customers' funds.

Online lenders have to make diversity efforts before they can be viewed as champions of economic justice, said Rep. Gregory Meeks, D-N.Y., during a Friday panel on fintech held during the Congressional Black Caucus Foundation's annual legislative conference.

A federal regulatory plan detailing how to unwind a failing uninsured national bank provides some tantalizing clues for how the Office of the Comptroller of the Currency may craft a charter for fintech companies.

In a new proposal, the agency detailed how it plans to invoke an obscure banking law to levy receivership powers over noninsured national financial institutions – which could include fintech companies – if they were to fail.

Cybersecurity enforcement efforts need to be better coordinated across government agencies, financial industry groups said in a letter Friday to the National Institute of Standards and Technology.

A group of financial industry players — including mortgage servicers and credit unions — are joining together to form a new coalition promoting workforce diversity.

A group of financial industry players — including mortgage servicers and credit unions — are joining together to form a new coalition promoting workforce diversity.