Lalita Clozel

A report by the Conference of State Bank Supervisors found that consolidated companies with money transmitter licenses fell more than 10% from 518 in the first quarter of 2015, to 456 this year.

The compliance technology company Trace International has launched what it bills as the first global, commercial beneficial ownership registry.

In her final congressional appearance before she leaves her job at the end of this week, Fincen Director Jennifer Shasky Calvery also advocated for passage of new anti-money-laundering laws being pushed by the Obama administration.

WASHINGTON – The Federal Deposit Insurance Corp. has extended the comment period on a plan that would require large banks to keep better track of their insured deposits, while making clear it will not extend it to community banks.

As the Federal Deposit Insurance Corp. grapples with a series of newly revealed cybersecurity incidents, the U.S. government is prosecuting a former agency employee over a 2012 breach.

As the Federal Deposit Insurance Corp. grapples with a series of newly revealed cybersecurity incidents, the U.S. government is prosecuting a former agency employee over a 2012 breach.

WASHINGTON -- The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

The five federal financial agencies released guidance on Wednesday that requires financial institutions to ensure they are addressing discrepancies customers sometimes face between the amount they deposit in their account and the amount they are credited.

The banking industry has influenced several key features in the final beneficial ownership rule, a top official at the Treasury Department's Financial Crimes Enforcement Network said this week, while defending the rule's effectiveness.

The Office of the Comptroller of the Currency on Monday named Bryan Hubbard as the new deputy comptroller for public affairs.

Biscayne Bank in Miami, a community bank that focuses on serving high-net-worth individuals from the Caribbean and Latin America, has been named as an intermediary in the Panama Papers leak.

WASHINGTON -- The Office of the Comptroller of the Currency has opened registration for a June forum on “supporting responsible innovation” in the banking industry.

A long-awaited final rule published this week that requires banks to keep better track of the owners of companies with accounts at their institutions is too little, too late in combating money laundering and terrorism financing, according to financial crime specialists.

The event took place during the 2015 fiscal year, but was not separately disclosed to Congress until the agency's federally mandated annual report on information security. Even then, the FDIC provided only vague details on what happened.

Hackers believed to be working from China accessed the computer systems of top officials at the Federal Deposit Insurance Corp., according to a top House lawmaker investigating the incident.

A day before a top Federal Deposit Insurance Corp. official is set to testify about recent cybersecurity breaches, a leaked report shows the agency's troubles are more prevalent than previously known.

Fed up with the hassles of applying for a multitude of state licenses and relying on bank partners, fintech firms are increasingly interested in applying for a national bank charter — and federal regulators are considering ways to accommodate them.

Along with publishing the long-awaited beneficial ownership rule, the Treasury and Justice Departments urged Congress to pass legislation to put the U.S. on par with foreign partners in the fight to curb the flow of illicit funds.

New community banks chartered in the years before the crisis tended to open in less-concentrated markets, according to a Federal Deposit Insurance Corp. working paper released Tuesday.

Regulators cited a slew of technical concerns in their response to megabanks' living wills, but the technological, logistical and legal flaws they found appeared to center around a single issue: liquidity.