Lalita Clozel
Wall Street Journal
Washington, DC, United States
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Past articles by Lalita:
Banks Want Reassurance on Payday-Type Loans
Some lenders want to get back into the business of offering short-term, small-dollar loans to cash-strapped customers but are wary of running afoul of regulators. → Read More
Fed’s Quarles Floats Countercyclical Capital Buffer Changes
The Federal Reserve is thinking about activating a dormant tool to combat credit crunches in a downturn as part of a broader overhaul. → Read More
Credit Unions Go On Bank Buying Spree
Credit unions are buying small banks in record numbers, a trend that is prompting pushback from the banking industry. → Read More
Banks Confront Fed on Faster Financial Payments
Big banks are fighting a likely U.S. government effort to speed up how money moves through its payments system, arguing this could derail their private network. → Read More
Big Banks Ace First Round of Federal Reserve’s Stress Tests
The biggest banks in the U.S. have enough reserves to continue lending in a severe economic downturn, the Federal Reserve said in its annual review of large financial firms. → Read More
Big Banks Face Less Stress in This Year’s Fed Tests
Banks could have an easier time with their annual stress tests. Here’s what to look for in the results being released Friday and next Thursday. → Read More
House Panel Approves Bill Overhauling Federal Flood Insurance
Lawmakers in the House advanced a bipartisan plan to overhaul the federal flood-insurance program, which has struggled to keep pace with record disaster payouts in recent years. → Read More
Fed to Ease Restrictions for Bank Investors
The Federal Reserve moved to make it easier for private-equity funds and other investors to own large stakes in banks without triggering its oversight, in a plan that could also make it easier for financial technology startups to obtain investment cash. → Read More
Trump Administration Plans Flood Insurance Overhaul
The Trump administration plans to overhaul government-subsidized flood insurance, in a sweeping proposal that could raise rates on more expensive properties and those in higher-risk areas. → Read More
Wells Fargo Chief Is Expected to Appear Solo Before House Panel
Wells Fargo is expected to be the first bank to face a grilling by House Democrats who took over the Financial Services Committee in the new Congress, with a March hearing focused on its scandals. → Read More
Bank Mergers Get Faster Under Trump
Bank mergers are getting speedier under the Trump administration, with federal regulators changing policies that had deterred deals after the financial crisis. The stance has raised concerns that regulators aren’t scrutinizing mergers closely enough. → Read More
Federal Reserve’s Bowman Calls For Refined Oversight of Community Banks
Federal Reserve governor Michelle Bowman, in her first speech since joining the central bank, said supervision of small banks should fit their size and less-complex risk profile. → Read More
Private Flood Insurance Gets Boost From Regulators
The number of flood insurance policies underwritten by private companies could triple under a new federal rule that would require mortgage lenders to accept both private and government-backed policies. → Read More
Seasonal Work Visa Website to Reopen Monday
A government portal for temporary worker visas is set to reopen Monday after crashing on New Year’s Day because of overwhelming demand. → Read More
Banks Get Kinder, Gentler Treatment Under Trump
To ease oversight of banks, regulators appointed by President Trump are asking examiners who monitor day-to-day operations to be more collegial in their dealings with financial firms. → Read More
Banks to Get Slimmed-Down ‘Living Will’ Requirements
Regulators are taking steps to ease requirements for banks to submit “living will” plans for winding themselves down in a crisis without a taxpayer-funded bailout, the latest step to soften postcrisis rules on the banking industry. → Read More
Small Banks to Get Relief From Postcrisis Financial Rules
The FDIC proposed easing rules for small banks as part of a broader Trump administration effort to loosen restrictions put in place after the financial crisis. → Read More
Fed to Further Overhaul Stress-Testing Regime, Making it Easier for Banks to Pass
The Federal Reserve plans to broaden its proposal to ease stress tests for the nation’s largest banks with changes that could reduce the chance they fail the annual assessments. → Read More
‘Fintech Charter’ Has No Early Takers as Lawsuit Looms
A national banking regulator is offering cutting-edge financial firms a new pathway into the traditional banking system. So far, few of them are biting. → Read More
U.S. Bank Regulator Moves to Modify Lending Rules for Poorer Communities
A national banking regulator took the first step toward rewriting rules for lending in lower-income neighborhoods, an effort that could allow institutions to redirect billions of dollars spent on loans and investments. → Read More