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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Federal financial regulators are incorporating lessons learned from the Swift hacks in their examinations, they told a lawmaker in a joint letter last week.
August 24 -
The Federal Deposit Insurance Corp. is receiving a rising number of new inquiries from organizations seeking to obtain a bank charter, the agency said in a report Monday.
August 22 -
The Georgia Department of Banking and Finance closed the $21.4 million-asset Woodbury Banking Company on Friday, marking this year's fourth bank failure.
August 19 -
With the Office of the Comptroller of the Currency evaluating the possibility of a nationwide charter for certain fintech firms, state regulators are voicing concerns that a charter could cut into their authority.
August 19 -
California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.
August 15 -
California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.
August 15 -
WASHINGTON The Federal Deposit Insurance Corp. does not require all its administrative users to log into its systems using multifactor authentication, according to an audit released Friday by the agency's Office of Inspector General.
August 12 -
A new exam handbook released by the Office of the Comptroller of the Currency is sparking concerns that the agency is quietly expanding heightened regulatory guidelines meant for larger banks to smaller institutions.
August 11 -
WASHINGTON The biggest banks are supporting a bill that would ensure that all U.S. companies submit beneficial ownership information to authorities, arguing it would help combat money laundering and terrorist financing.
August 9 -
WASHINGTON In the midst of a monthslong congressional inquiry into its cybersecurity practices, the Federal Deposit Insurance Corp. has issued a public statement outlining a slate of new data-protection measures.
August 8