Ian McKendry

Leadership of the Senate Banking Committee came into fuller view on Tuesday with the announcement of subcommittee assignments.

The Senate Finance Committee will hold a hearing on Treasury Secretary-designate Steven Mnuchin’s nomination on Thursday, Jan 19.

A top official with the incoming Trump administration said Thursday that the president-elect is considering former Rep. Randy Neugebauer to run the CFPB, the first clear sign that he intends to dismiss Richard Cordray.

Treasury Secretary-designate Steven Mnuchin will divest himself of his investments and interests in a number of companies and funds once confirmed, including a fund that has bet on Fannie Mae and Freddie Mac being recapitalized and released from government control.

Attorney General-designate Sen. Jeff Sessions R-Ala., could pose a roadblock for marijuana businesses seeking financial services, but might also end a controversial Justice Department program targeting payment processors and financial institutions.

Two influential Democratic senators' surprise objections to the OCC's fintech charter show that the initiative may be more politically fraught than the industry and agency expected.

The House Financial Services Committee will see a shuffling of deck chairs among the leadership of its subcommittees in the new Congress as it also welcomes ten new Republican members.

The Senate Banking Committee is scheduled to hold a hearing Jan. 12 on the nomination of Dr. Ben Carson as secretary of the Department of Housing and Urban Development.

WASHINGTON — The Senate Banking Committee is scheduled to hold a hearing Jan. 12 on the nomination of Dr. Ben Carson as secretary of the Department of Housing and Urban Development.

Retailers are fighting back against financial industry efforts to repeal a cap on debit interchange fees.