Lalita Clozel

A progressive group is up in arms against Sen. Tim Kaine, D-Va., after the possible Democratic vice presidential nominee signed letters calling on regulators to tailor rules for community banks.

More than two dozen Democratic senators are calling on the Consumer Financial Protection Bureau to strengthen its payday lending proposal, arguing that it has loopholes that can be exploited by abusive lenders.

More than two dozen Democratic senators are calling on the Consumer Financial Protection Bureau to strengthen its payday lending proposal, arguing it contains loopholes that can be exploited by abusive lenders.

WASHINGTON — The Federal Deposit Insurance Corp. on Wednesday will hold a meeting of its advisory committee on community banking, the agency announced.

Regulators on Friday issued a package of long-awaited modifications to Community Reinvestment Act guidance that are designed to address the changing nature of banking products.

House Republicans raked Federal Deposit Insurance Corp. Chairman Martin Gruenberg over the coals during a hearing on Thursday, repeatedly calling into question his knowledge of the agency's cybersecurity problems and the handling of those concerns.

Federal Deposit Insurance Corp. Chairman Martin Gruenberg was contrite during a House cybersecurity hearing Thursday, acknowledging that the agency failed to protect key bank data.

The investigation into the lack of new bank charter applications has turned into a proxy battle over the Dodd-Frank Act, with Republicans and many industry players pointing a finger at the 2010 law.

Lawmakers investigating a slate of cybersecurity breaches at the Federal Deposit Insurance Corp. have accused agency staff of purposefully muddying the waters in an effort to evade Congressional scrutiny.

Online marketplace lenders found themselves in the congressional crosshairs Tuesday just as some lawmakers are attempting to provide the industry with sought-after reforms.

WASHINGTON — The head of the American Bankers Association on Tuesday defended financial institutions' partnerships with fintech firms but argued that banks top nonbank startups in serving as "trusted custodians" for their customers' funds.

Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.

Its watchdog said the Federal Deposit Insurance Corp. failed to implement measures that could have prevented at least eight cybersecurity breaches from departing employees over the last year.

Republican lawmakers have asked the Treasury Department's inspector general to investigate whether the Office of the Comptroller of the Currency's policies are encouraging banks to cut ties with entire lines of business or banks in other countries.

While fintech companies are urging federal regulators to create a federal charter that would allow them to follow a single national standard instead of a myriad of state rules, such a benefit will almost certainly come with strings attached, including possible compliance with the Community Reinvestment Act.

WASHINGTON — Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday.

WASHINGTON — The Federal Deposit Insurance Corp. has improved its information security processes, but more changes need to be made, the Government Accountability Office said in a report published Wednesday.

WASHINGTON -- The Federal Deposit Insurance Corp. is launching a survey this month to collect data on the small business lending practices of insured banks.

After the departure of Financial Crimes Enforcement Network's director last month, the future of the Treasury Department unit remains the subject of fierce speculation within the financial services industry.

After the departure of Financial Crimes Enforcement Network's director last month, the future of the Treasury Department unit remains the subject of fierce speculation within the financial services industry.