Victoria Finkle

WASHINGTON — The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.

WASHINGTON — The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.

Sen. Bob Corker championed a provision he added to the budget bill that would temporarily prevent the Treasury Department from recapitalizing Fannie Mae and Freddie Mac and discussed other banking priorities in a sit-down interview with CU Journal affiliate American Banker.

Sen. Bob Corker championed a provision he added to the budget bill that would temporarily prevent the Treasury Department from recapitalizing Fannie Mae and Freddie Mac and discussed other banking priorities in a sitdown interview with American Banker.

Despite months of intense lobbying, the financial services industry failed to secure a number of key reforms in Congress's must-pass spending package, unveiled Tuesday night.

Despite months of intense lobbying, the banking industry failed to secure a number of key reforms in Congress's must-pass spending package, unveiled Tuesday night.

Rep. Maxine Waters, D-Calif., reintroduced legislation Friday to strengthen the government’s ability to prosecute individuals who break anti-money laundering and terrorist financing rules.

House Financial Services Committee Chairman Jeb Hensarling said Thursday that odds are slim for major banking reforms to be included in the budget deal now being crafted, but unveiled ambitious plans for the coming year.

WASHINGTON — Sen. Sherrod Brown, D-Ohio, ranking member on the Banking Committee, pushed for a vote on six banking panel nominees on the Senate floor Wednesday, though the effort was ultimately defeated.

The window is rapidly closing for the inclusion of key banking measures in the budget package as lawmakers remain sharply divided over the bill.