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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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.
May 17 -
WASHINGTON -- The Office of the Comptroller of the Currency has opened registration for a June forum on supporting responsible innovation in the banking industry.
May 16 -
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.
May 13 -
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.
May 12 -
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.
May 12 -
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.
May 11 -
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.
May 9 -
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.
May 5 -
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.
May 3 -
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.
May 2
