Ian McKendry

WASHINGTON — Republicans had a big night on Tuesday, capturing not just the White House, but staving off a challenge to their control of the Senate, which will likely deliver the gavel of the banking panel to Sen. Mike Crapo, R-Idaho, next year.

There was another surprise Tuesday as Republicans managed to keep a Senate majority following the elections, likely giving the gavel of the Banking Committee to Sen. Mike Crapo, a right-of-center Idaho lawmaker who has proven willing to reach across the political aisle in the past.

Republican presidential nominee Donald Trump's shocking victory late Tuesday left world markets rattled, and financial services companies facing an uncertain future. But once they adjust, financial institutions are likely to embrace Trump's deregulatory agenda.

Despite more than a year of campaigning and discussing various issues, Donald Trump remains a huge question mark when it comes to policies affecting credit unions — making it unclear exactly what his priorities would as president.

Despite more than a year of campaigning and discussing various issues, Donald Trump remains a huge question mark when it comes to banking policies — making it unclear exactly what his priorities would be as president.

Republican presidential nominee Donald Trump's shocking victory late Tuesday left world markets rattled, and financial services companies facing an uncertain future. But once they adjust, financial institutions are likely to embrace Trump's de-regulatory agenda.

Employee termination notices sent by Wells Fargo to the Financial Industry Regulatory Authority raise new questions about the bank's knowledge of fraudulent account openings and indicate it may have taken retaliatory measures against potential whistleblowers, three Democratic senators alleged Thursday.

Employee termination notices sent by Wells Fargo to the Financial Industry Regulatory Authority raise new questions about the bank's knowledge of fraudulent account openings and indicate it may have taken retaliatory measures against potential whistleblowers, three Democratic senators alleged Thursday.

If Sen. Sherrod Brown becomes chairman of the Senate Banking Committee, he is likely to focus on toughening rules on the biggest banks, conducting oversight of scandals like the one at Wells Fargo and granting regulatory relief to smaller institutions.

Progressives are already pushing Democrats to appoint another Wall Street reformer to the Banking Committee if they win back the Senate, but other considerations, including the 2018 midterms, will play a significant role in who is chosen.

WASHINGTON — Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., are raising concerns about why independent audits of Wells Fargo's internal controls didn't discover fraudulent account openings by thousands of employees.

WASHINGTON – Sixteen Senate Democrats sent a letter to federal financial regulators on Wednesday asking them to strengthen a proposal to restrict executive compensation at financial firms.

WASHINGTON – Sixteen Senate Democrats sent a letter to federal financial regulators on Wednesday asking them to strengthen a proposal to restrict executive compensation at financial firms.

A win by Hillary Clinton would be something of a mixed bag for credit unions. On the one hand, she's a moderate with detailed policies and has pledged to roll back the regulatory burden for CUs. Yet she may also be pushed to the left as she navigates issues, particularly on regulatory appointments.

A win by Hillary Clinton would be something of a mixed bag for bankers. On the one hand, she's a moderate with detailed policies, many of which are bank-friendly. Yet she may also be pushed to the left as she navigates issues, particularly on regulatory appointments.

WASHINGTON — Securities and Exchange Commission Chair Mary Jo White should be demoted as head of the agency because of her lack of support for a rule that would require companies to publicly disclose their political spending, Sen. Elizabeth Warren, D-Mass., said Friday.

WASHINGTON – Democratic presidential nominee Hillary Clinton would engage in a review of financial regulations and simplify or eliminate those that are found to be unnecessary if she is elected president, a top adviser said Thursday.

WASHINGTON — Democratic presidential nominee Hillary Clinton would engage in a review of financial regulations and simplify or eliminate those that are found to be unnecessary if she is elected president, a top adviser said Thursday.

In states with strict rules on small-dollar loans, lenders could see an opening in the language of the CFPB rule to actually hike rates, observers say.

WASHINGTON — Eighteen Republican State Attorneys General sent a letter to the Consumer Financial Protection Bureau last week pushing back against the agency's proposal to rein in high-cost small-dollar loans.