Lalita Clozel

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.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for bank examiners.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for examiners at financial institutions.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for bank examiners.

The Office of the Comptroller of the Currency has named a new deputy comptroller in charge of leadership, executive and organizational development.

Big banks have less than a month to fix their resolution plans – or potentially face severe regulatory consequences.

The growth in loan demand and the industry's interest-related income has come in spite of continued pressures on bank profitability.

U.S. banking earnings rose 1.4% in the second quarter from a year earlier to $43.6 billion driven largely by interest-related income while the Deposit Insurance Fund hit a key trigger that will affect industry premiums.

The Federal Deposit Insurance Corp. is set to release its quarterly update on the industry's health on Aug. 30. The second-quarter Quarterly Banking Profile will indicate whether banks have rebounded from their slight slump in the first quarter.

WASHINGTON – The Financial Crimes Enforcement Network is proposing to extend anti-money-laundering requirements to a limited number of financial institutions that are not already regulated by a federal agency.

Federal financial regulators are incorporating lessons learned from the Swift hacks in their examinations, they told a lawmaker in a joint letter last week.