Claire Williams

Banking industry groups are backing vulnerable incumbents as Democrats target vulnerable GOP-held seats. The trajectory of near-term financial services policy and oversight hangs in the balance.

Democrats' chances of flipping the upper chamber were long going into the campaign season but have improved in recent weeks. Here are some of the key individual races that will affect bankers the most.

The Office of the Comptroller of the Currency has granted Sau Paulo-based Itaú Bank — the largest bank in Latin America — permission to set up shop in Miami.

A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.

President Trump lobbied again for Congress to pass the CLARITY crypto market structure bill, but paths toward this Congress doing so are treacherous with few legislative days left.

Democratic Sens. Ruben Gallego, Ariz., and Angela Alsobrooks, Md., signed on to the bill, signaling a hardening of their position on an ethics provision in the CLARITY market structure bill.

The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a joint notice of proposed rulemaking for the Community Reinvestment Act that would tailor requirements for smaller institutions and monitor which groups receive community development grants.

As a vote to invoke cloture on the CLARITY Act looms in the Senate, lawmakers are considering how and whether to offer banks' preferred language on stablecoin yield on the Senate floor.

Draft cryptocurrency market structure legislation published Wednesday includes an ethics agreement that falls short of what Senate Democrats want and stablecoin yield language that banks have already disavowed.

The package of banking measures will need 60 votes — including a number of Democrats — to pass the Senate on a tight time frame ahead of November's elections. But the bipartisan House vote signals that future work on the issues is possible.

House Republicans floated discussion legislative drafts aimed, in part, at strengthening the Federal Home Loan Banks' role providing liquidity to the financial system.

The new Main Street Capital Access Act includes a provision that lowers the regional Federal Reserve banks' discretionary surplus, as well as a number of technical changes that committee aides hope will pry loose a few more Democratic votes.

Russell Vought, testifying in front of the House Financial Services Committee for the first time in his tenure atop the bureau, was unapologetic about his attempts to cut the consumer protection agency and its regulation and supervision functions.

Russell Vought, the acting director of the Consumer Financial Protection Bureau, will testify Wednesday before the Housing Financial Services Committee, three weeks before his tenure as acting director ends.

In his first congressional appearance as Fed chair, Warsh criticized past bailouts and voiced concern over stablecoin risks, without ruling out future intervention.

Kevin Warsh is appearing before the House Committee on Financial Services for the first time since taking the reins at the central bank.

The bipartisan housing package, dismissed by President Trump as a "yawn," takes effect automatically after he declined to sign it in protest over stalled voter ID legislation.

The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.

As the deadline for President Donald Trump to sign or veto a housing package looms, hanging in the balance is a reciprocal deposit provision that would give small banks more room to compete for large corporate and municipal depositors.

Banking lobbyists' push for changes to stablecoin yield rules as part of long-embattled crypto market structure legislation has stalled, with no new talks in sight.