Hackers who relentlessly pursue banks may run into tougher defenses as the Federal Reserve and other U.S. regulators force the biggest lenders to plug any vulnerabilities. Banking agencies released a proposal Wednesday for rules that would require lenders — ...

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Consumer rights advocates, joined by New York’s attorney general, and the banking industry are going toe to toe over a federal proposal to block banks from using mandatory arbitration to resolve disputes with their customers. The 90-day comment period on ...

Tagged with: Arbitration Banks Consumer Financial Protection Bureau Eric Schneiderman

ALBANY (AP) — A yearlong survey of New York bank security found that cyber thieves are using increasingly sophisticated methods to breach bank accounts. The report, issued Monday by Gov. Andrew Cuomo and the state’s Department of Financial Services, found ...

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ALBANY — New York financial regulators have surveyed more than 200 banks and other financial institutions about their cybersecurity and will soon expand their analysis to insurers with trillions of dollars of assets. Financial Services Superintendent Benjamin Lawsky, addressing a ...

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ALBANY — State officials say they’ve identified 10 banks and mortgage service companies as the worst in paying out insurance claims to New York’s Superstorm Sandy victims. Gov. Andrew Cuomo says the firms are holding back more than 1,100 checks ...

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WASHINGTON, D.C. — Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The banks, which include JPMorgan Chase, Bank of ...

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The condition of banks’ credit lines and obligations to issue letters of credit is improving, but it’s still worse than regulators would like to see, according to a study released today by federal financial regulators. The credit quality of large ...

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Since taking control of the newly formed Department of Financial Services in October 2011, DFS Superintendent Benjamin Lawsky has encouraged New York banks to convert to a state charter instead of federal Office of the Comptroller of the Currency oversight. ...

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WASHINGTON — Four major U.S. banks failed to show they have enough capital to survive another serious downturn, the Federal Reserve said Tuesday. The list included Citigroup, the nation’s third-largest bank. The Fed said 15 of the19 major banks tested ...

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WASHINGTON — A surge in earnings by the biggest U.S. banks at the end of last year made 2011 the most profitable time for the industry in five years. More earnings and fewer troubled banks suggest the industry has healed ...

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ALBANY — New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures. Democrat Eric Schneiderman sued Bank ...

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WASHINGTON — A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in ...

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