Ian McKendry

The regulatory system is "broken from start to finish" and is allowing banks and other big firms to wear down regulators until they get what they want, Sen. Elizabeth Warren said in a speech Thursday.

Financial Services Committee approves bill requiring financial regulators to tailor rules to ensure they are appropriate for small FIs.

The House Financial Services Committee approved a bill 34-22 Wednesday that would require financial regulators to tailor rules to ensure they are appropriate for small banks — but the measure continues to face significant Democratic opposition.

Senate Banking Committee Chairman Richard Shelby's easy victory in his primary battle in Alabama is fueling hopes he may soon move forward on a number of key financial nominations.

NCUA Board Member McWatters’ nomination to Export-Import Bank must go through Senate Banking Committee, which the senator chairs.

WASHINGTON — The House Financial Services Committee will hold a vote Wednesday on a bill that would provide regulatory relief for financial institutions that are not considered systemically important.

WASHINGTON — The House Financial Services Committee will hold a vote Wednesday on a credit union-backed bill that would provide regulatory relief for financial institutions that are not considered systemically important.

WASHINGTON — A bank regulatory relief plan put forward by Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig is getting support in the House.

Love him or hate him, Trump provokes strong reactions from much of the electorate, bankers included. His volatile temperament and penchant for showmanship have left many skeptical, but some see his business experience and dealmaking savvy as a positive.

WASHINGTON — Democratic senators introduced a bill Thursday that would separate out medical debt from other types of consumer debt for credit reporting purposes.

Several members of Congress endorsed an effort to send a joint bipartisan letter to the Consumer Financial Protection Bureau asking for more exemptions for CUs and small banks.

A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.

WASHINGTON — A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.

The top leaders of the National Credit Union Administration said this week that they support an alternative option that would allow credit unions to merge some operations — a prospect that is alarming banking industry representatives.

Director of Consumer Financial Protection Bureau makes appeal to CUs to work with his agency; says they have 'much ground in common.'

The top leaders of the National Credit Union Administration said Tuesday that they support an alternative option that would allow credit unions to merge some operations.

WASHINGTON — Despite dire predictions by banks and others that new mortgage rules by the Consumer Financial Protection Bureau would cut off access to credit, the industry is performing well two years after the regulations went into effect, according to the agency's top official.

National Credit Union Administration board members want to make it easier for CUs to lend their members.

CUs are ramping up their political efforts in the 2016 race for the White House, seizing a window of opportunity to ride a wave of anti-Wall Street rhetoric and driven by a vital need for regulatory relief.

Federal Housing Finance Agency Director Mel Watt stopped short of calling for Treasury to recapitalize the government-sponsored enterprises, but said "something needs to be done" before they run out of capital.