Chris Dieterich

Lending continued to decline during the past six weeks but showed some regional strength in the face of tightened credit standards as the economy continued its modest recovery, a Federal Reserve report said Wednesday.

To the surprise of the industry representatives, the so-called Volcker Rule has persisted in the Senate's version of regulatory reform, even if doubts about its effectiveness also persist.

Veteran banking lawyer/lobbyist Paul S. Quinn switches legal firms; Sen. Bob Corker's "bizarre" day; More CFPA-related funnies from Hollywood; and more.

WASHINGTON — Federal Housing Administration Commissioner David Stevens defended the agency's plans to rebuild its capital reserves without across-the-board down-payment increases.

WASHINGTON — Two Senate Democrats announced Wednesday they will introduce legislation that would restrict commercial banks' ability to engage in proprietary trading, the first step by lawmakers to implement the Obama administration's so-called "Volcker Rule."

The credit union industry may have its best chance in more than a decade to persuade Congress to double the amount of business lending it can do.

WASHINGTON — The thrift industry eked out a tiny profit in the fourth quarter, $505 million, enough to bring full-year results into the black, the Office of Thrift Supervision reported on Wednesday.

The Shadow Financial Regulatory Committee today outlined its opposition to the White House's proposed tax on large banks, calling it unfair and punitive.