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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The financial industry is fractured over a Federal Deposit Insurance Corp. plan to require big banks to temporarily pay more in deposit insurance premiums, with small banks lobbying to force bigger payments over a shorter time frame and many large ones wanting to stretch it out.
January 8 -
WASHINGTON While it pursues the search for a permanent acting deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.
January 7 -
While it searches for a permanent deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.
January 7 -
WASHINGTON JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.
January 5 - New York
A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $5.3 million in small-business loans.
December 31 -
SB Financial Group in Defiance, Ohio, has bought a former Fifth Third Bank branch in Bowling Green, Ohio.
December 31 -
A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.
December 31 -
A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.
December 30 -
In a closely-watched Colorado case that could set a precedent for financial institutions seeking to serve marijuana retailers, a judge has encouraged both parties to consider a mellow resolution.
December 29 -
Moscow-based startup Cardberry is planning to launch an app and device to streamline discount and loyalty cards.
December 29