Cheyenne Hopkins

While it is not unusual to see a bank exhort its employees to help lobby on legislation, USAA Federal Savings Bank has taken it one step further by enlisting its 7.2 million customers.

While it is not unusual to see a bank exhort its employees to help lobby on legislation, USAA Federal Savings Bank has taken it one step further by enlisting its 7.2 million customers.

WASHINGTON — Even as top Senate Banking Committee leaders appear close to striking a final compromise on a regulatory reform bill, some Democrats continue to try and push the legislation further to the left.

WASHINGTON — In a final nudge on regulatory reform Thursday, President Obama urged lawmakers and bankers to put politics aside and support the legislation.

WASHINGTON — The Obama administration's efforts to expand key Small Business Administration programs suffered a setback Wednesday as lawmakers and the agency's inspector general cited ongoing fraud issues and other obstacles to the plan.

Comptroller Dugan advises stress tests stay in the past; Geithner jabs back at a reporter who couldn't resist the tax question; Nominations for the Fed Reserve Board; and more.

WASHINGTON — A plan by Rep. Jeb Hensarling to repeal the Community Reinvestment Act reignited a heated debate at a House subcommittee hearing on Thursday on the 33-year-old law's role in the financial crisis.

WASHINGTON — Obama administration officials tried to win support Wednesday for recent changes to their foreclosure prevention program, but lawmakers and industry participants remained skeptical.

The Congressional Oversight Panel released a report on Tuesday claiming the Treasury Department's new mortgage efforts are too late to have a meaningful impact.

Washington Mutual simply wasn't connected enough to be bailed out by the government. That's how Kerry Killinger, the thrift's former CEO, sees it. Regulators shut down Wamu while providing massive assistance to its competitors, he said.

As the Senate prepares to debate regulatory reform legislation, Sen. Carl Levin is using the failed Washington Mutual Inc. as evidence that the bill's most contentious provisions are necessary.

Sen. Carl Levin, the chairman of the Senate Permanent Subcommittee on Investigations, will hold hearings this week on the causes of the financial crisis.

Former Citigroup executives and regulators, testifying Thursday before the Financial Crisis Inquiry Commission, all tried to shift blame for the giant company's problems.

WASHINGTON — From its inception, a key pitch for legislation to rework the regulatory system has been that it will provide regulators with more tools to prevent another banking crisis. Yet the most highlighted provisions of both the House and Senate bills would give regulators authority they already have, and so far have largely ignored.

Former staffer for Barney Frank draws his ire after taking a job with derivatives company; GOP Rep attacks Dodd, then apologizes; OTS loses a director; and more.

The Office of Thrift Supervision issued recommendations Wednesday for consumers about the Real Estate Settlement Procedures Act mortgage disclosure process.

The Justice Department, the Office of Thrift Supervision and the Financial Crimes Enforcement Network issued the fine against the $558.5 million-asset thrift for "ineffective" anti-money-laundering programs.

WASHINGTON — A key banking industry argument against the creation of a consumer protection agency — that the new division would write rules that conflict with safety and soundness standards — is shaky.

WASHINGTON — The Obama administration's latest foreclosure prevention plan got an A for effort from most observers, who said it targets the right group of borrowers — the unemployed and those whose mortgages exceed the value of their home. But consumer groups and industry analysts alike said the proposed changes will do little to address a still cumbersome process, investor resistance and continued second-lien hurdles.

WASHINGTON — The Obama administration's latest foreclosure prevention plan got an A for effort from most observers, who said it targets the right group of borrowers — the unemployed and those whose mortgages exceed the value of their home. But consumer groups and industry analysts alike said the proposed changes will do little to address a still cumbersome process, investor resistance and continued second-lien hurdles.