Neil Haggerty

The letter from lawmakers to the bureau follows a report that the agency does not view the exams as explicitly required by the law.

While the industry's trend of supporting Republicans continues, Senate Democrats who backed reg relief are drawing key industry support.

While bankers typically donate more to the political re-election campaigns of Republicans, their giving has shifted more to Democratic incumbents in the Senate for the upcoming midterms.

All five are Republicans and they include senior House GOP leaders, contenders to head the Financial Services Committee and strong voices in favor of regulatory relief.

The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business.

Sen. Brian Schatz, D-Hawaii, said it is hard to imagine how Wells Fargo's $8 million remediation plan would correct a mistake that led to 400 wrongful foreclosures.

The House Financial Services Committee has scheduled an FHFA oversight hearing for September in the wake of waste, fraud and abuse allegations.

Some of the tightest contests in the midterm elections may have big implications for the future of banking policy.

Sherrod Brown of Ohio and Cory Booker of New Jersey unveiled a bill to ban overdraft fees on debit card transactions and ATM withdrawals — a move that could negatively impact a major credit union revenue stream.

Sherrod Brown of Ohio and Cory Booker of New Jersey unveiled a bill to ban overdraft fees on debit card transactions and ATM withdrawals.

Echoing House members, five Republican senators called on the Federal Reserve Board to rethink its surcharge in order to eliminate “excessive” capital requirements.

The proposal released in May to clarify how banks comply with the proprietary trading ban would “undermine a fundamental provision" of Dodd-Frank, lawmakers said.

Credit union trade groups are lauding the Senate's move to provide $250 million for the Treasury Department's Community Development Financial Institutions fund.

The Senate recess is postponing the committee's vote as Democrats press Kathy Kraninger on involvement with zero-tolerance immigration policy at OMB.

In a letter to heads of five federal regulators, Sens. Elizabeth Warren, Sherrod Brown and Jeff Merkley say the public should know the impact of Volcker in light of proposed changes.

The banking industry group has so far endorsed six candidates in their re-election campaigns for the upcoming November elections.

Allowing alternative data such as rent and utility payments has bipartisan support, but some say it could create more problems than it solves.

The House Financial Services Committee chair also acknowledged that his capital-formation bill still faces a potentially tough Senate vote.

Lawmakers approved legislation to enable coordination between state and federal regulators on examining banks' third-party vendor relationships.

Elizabeth Warren, Sheila Bair and other regulatory hawks at a D.C. event hailed the reforms enacted in the wake of the 2008 crisis.