Stacy Kaper

Regarded in many circles as the dean of banking consultants, Carter H. Golembe, the longtime author of a popular monthly analytical essay on financial services public policy, died Saturday at his home in Delray Beach, Fla.

Not content to just vote against Joseph's Smith's nomination as FHFA head, Sen. Richard Shelby lodges "lapdog" accusation; CFPB gets tech leadership; FDIC shuffles key officials; and more.

WASHINGTON — Sen. Sheldon Whitehouse pledged Wednesday to push legislation early next year that would let bankruptcy courts "compel good faith talks" between servicers and homeowners.

Outgoing House Financial Services Committee Chairman Barney Frank sharply criticized incoming chairman Rep. Spencer Bachus on Wednesday, ridiculing the Alabama Republican for reportedly saying "Washington and the regulators are there to serve the banks."

The Senate Banking Committee approved the nomination 16 to 6 of Joe Smith to serve as director of the Federal Housing Finance Agency.

Volcker satisfied that Congress did not strip the Fed of its supervisory duties; Bachus welcomes new Republican members to the House Financial Services Committee; and more.

The new slate of House Republicans picked to preside over financial services said they intend to downsize or dismantle the mandates supported by their predecessors.

Rep. Spencer Bachus, who will chair the Financial Services Committee next year, announced Thursday he had picked subcommittee chairmen.

Dwight Fettig, a longtime former aide to Sen. Tim Johnson, has returned to Capitol Hill to work for the South Dakota Democrat as a senior policy adviser, Johnson's office confirmed Wednesday.

Rep. Spencer Bachus was approved by the Republican conference Wednesday to become chairman of the Financial Services Committee next year.

Edward Yingling, the outgoing president and chief executive of the American Bankers Association is becoming a partner at the law firm of Covington & Burling starting in January.

As President Obama set about trying to build support Tuesday for his deal to extend all of the Bush-era tax cuts for two years, banking industry representatives were crossing their fingers that the bill could be quickly enacted before reduced rates expire at yearend.

Rep. Spencer Bachus was formally selected by the Republican Steering Committee on Tuesday to serve as chairman of the House Financial Services Committee next year.

Edward Yingling, the outgoing president and chief executive of the American Bankers Association is becoming a partner at the law firm of Covington & Burling LLP starting in January.

Far from being partners, observers said Rep. Barney Frank and whoever the GOP picks to succeed him as Financial Services Committee chairman are likely to be at loggerheads.

Sen. Chris Dodd's last Senate Banking Committee hearing as chairman turned into a bit of a lovefest; two Capitol Hill veterans have formed a lobbying firm; and more.

Federal regulators took another beating on Capitol Hill Thursday for not getting ahead of problems in the mortgage servicing industry and not taking greater steps to stem foreclosures.

WASHINGTON — For the first time since significant mortgage servicing problems came to light, federal regulators called on Congress Wednesday to establish national standards for the foreclosure process.

Revealing that the federal banking agencies have found significant "structural problems" in the mortgage servicing industry, Federal Reserve Board Gov. Dan Tarullo called Wednesday for the creation of national foreclosure standards.

The Office of the Comptroller of the Currency is ordering servicers under its purview to stop dual tracking foreclosure proceedings and loan modifications whenever legally possible.