Stacy Kaper

The House Financial Services Committee's capital markets subcommittee is planning a series of hearings starting Wednesday on the future of the housing finance system.

Setting the stage for the next phase of regulatory reform legislation, the Senate was expected to name members of a conference committee late Monday to work out differences between its bill and the House version.

Dodd, Frank promise to reconcile reg reform in the open; protesters cross a line when 15-year-old son of B of A exec becomes target; yet another positive sign from QBP.

WASHINGTON — After three weeks of contentious debate, the Senate approved landmark financial reform legislation 59 to 39 late Thursday.

WASHINGTON — After three weeks of contentious debate, the Senate approved landmark financial reform legislation 59 to 39 late Thursday.

WASHINGTON — As Senate leaders celebrated passage of regulatory reform Thursday, financial industry lobbyists were already focusing on the myriad problems they hope to fix before enactment.

WASHINGTON — The regulatory reform bill overcame a major procedural obstacle in the Senate on Thursday, as lawmakers voted 60 to 40 to limit debate and move the legislation toward final passage.

WASHINGTON — The Senate overwhelmingly rejected a measure from Sen. Sheldon Whitehouse late Wednesday that would require national banks to offer credit based on the interest rate limits in cardholders' states.

WASHINGTON — For a bill that has already seen its fair share of fits and starts, regulatory reform legislation hit a wall Wednesday as it failed a key procedural vote in the Senate and lawmakers squabbled over whether to add more amendments.

WASHINGTON — After refusing to answer questions for weeks about whether banks should be allowed to continue to operate as swaps dealers, Senate Banking Committee Chairman Chris Dodd quietly filed an amendment Tuesday that would give regulators the power to gut such a proposed ban.

Just days after the surprise passage of an amendment to regulate interchange, bankers are bracing for the possible addition of an even stronger measure that would hold them to the interest rate limit in the cardholder's state.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

The overwhelming 64-to-33 passage of an amendment to let the government regulate interchange fees on debit cards was a major blow to an industry that had successfully fought off such restrictions for years.

After years of trying, Sen. Richard Durbin, D-Ill., finally succeeded Thursday in passing a measure that would restrict interchange fees.

WASHINGTON — After years of trying, Sen. Richard Durbin, D-Ill., finally succeeded Thursday in passing a measure that would restrict interchange fees. The amendment to the regulatory reform bill, adopted 64 to 33, was changed in the final moments in an effort to make it more palatable to community bankers and credit unions, who had lobbied against the measure.

Senate Banking Committee Chairman Chris Dodd took to the floor Thursday to beg his colleagues on both sides of the aisle to stop adding more amendments, warning the process is in danger of spinning out of control.

WASHINGTON — The Senate rejected a derivatives substitute Wednesday 59 to 39 that would have struck a prohibition that would force banks to spin off their swaps trading desks.

While the Senate, as expected, voted Wednesday to preserve the Federal Reserve Board's banking supervisory authority, it unexpectedly added an amendment to require minimum underwriting standards and was poised to undermine a key risk-retention provision.

The Senate adopted an amendment 63 to 36 on Wednesday that would establish minimum mortgage underwriting standards, including banning yield spread premiums and no documentation loans.

WASHINGTON — While Senate leaders said they would like to complete a vote on regulatory reform legislation this week, that goal is looking increasingly unrealistic.