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 Office of the Comptroller of the Currency has named William A. Rowe, a deputy chief of staff and liaison to the Federal Deposit Insurance Corp., as its new chief risk officer.
July 24 -
In recent years, the country’s largest cellphone carriers have begun to experiment with new financing options for smartphones and other devices. That forebodes a deeper interest in financial products.
July 24 -
Five regulators agreed to coordinate "their respective reviews" on the exclusion of foreign funds from Volcker Rule restrictions.
July 21 -
The Office of the Comptroller of the Currency is planning to ask for public feedback on a proposal on whether and how to change the Volcker Rule.
July 19 -
Acting Comptroller of the Currency Keith Noreika made it clear that he supports the creation of a federal charter for fintech firms while also arguing that abusive lending happens at state-chartered firms, not national banks.
July 19 -
Federal regulators issued a proposal Tuesday that would increase the threshold at which commercial real estate transactions require an appraisal, a move that could give some lenders sizable relief.
July 18 -
While some policymakers are open to accommodating fintech companies with looser oversight compared with banks, the New York State superintendent is unapologetic about her tough approach.
July 14 -
The FDIC’s inspector general criticized how vacancies were announced and how applications were reviewed for openings in the Division of Resolutions and Receiverships.
July 14 -
The unexpected withdrawal of the administration's pick to lead the Federal Deposit Insurance Corp. triggered new uncertainty.
By Ian McKendryJuly 12 -
The procedures manual follows other steps the Federal Deposit Insurance Corp. has taken to try to clarify its process for evaluating charter bids.
July 10 -
The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.
July 7 -
Observers see recent comments by acting Comptroller of the Currency Keith Noreika as a sign that the agency may plow ahead on its policy for fintech firms.
July 7 -
The agencies released public portions of livings wills that were due July 1 while also announcing an extension for AIG and Prudential.
July 5 -
The promise of fintech is that it might offer underbanked consumers access to financial products. But some are worried that relying on algorithms to make credit decisions could open up problems of its own.
June 30 -
Acting Comptroller of the Currency Keith Noreika is expected Thursday to offer detailed proposals to loosen regulatory restrictions on financial institutions of all sizes, including simplification of the Volcker Rule, streamlined processes for approving de novos and curbs on CFPB exam authority.
June 21 -
IBM is set to announce new tools on Wednesday aimed at reducing the compliance burden of financial institutions and sifting through the mounds of data they collect by using Watson, its cognitive computer.
June 14 -
Ahead of a vote on a bill that would eliminate orderly liquidation authority, supporters of those powers are proposing changes to make OLA more palatable to conservatives.
June 6 -
The group representing large banks argued in a report Friday that overlapping regulations are hurting the industry's efforts to deal with cyberthreats.
June 2 -
The end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC.
May 30 -
A top Trump administration official on Thursday vowed to roll back FDIC powers to seize and unwind a failing megabank.
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