Lalita Clozel

The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.

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.

The agencies released public portions of livings wills that were due July 1 while also announcing an extension for AIG and Prudential.

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.

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.

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.

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.

The group representing large banks argued in a report Friday that overlapping regulations are hurting the industry's efforts to deal with cyberthreats.

The end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC.

A top Trump administration official on Thursday vowed to roll back FDIC powers to seize and unwind a failing megabank.