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.

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

WASHINGTON — Democratic presidential candidate Hillary Clinton is urging lawmakers to push back on Republican efforts to insert banking provisions into a yearend budget bill.

The White House signed a five-year, bipartisan highway bill into law Friday evening.

The Senate approved a massive, five-year transportation bill Thursday night, with the package now on its way to the White House where it is expected to be signed.

House lawmakers overwhelmingly passed a major, five-year highway spending bill Thursday afternoon that includes several key relief measures for community banks.

Sen. Sherrod Brown took to the Senate floor Thursday afternoon to reiterate concerns over the Republican effort to move financial reform legislation through a must-pass spending bill.

Several lawmakers criticized efforts to include controversial banking policy riders in a yearend deal on Wednesday evening.

The sweeping, five-year highway bill may include some key concessions for small financial institutions, but the deal has left many in the industry frustrated. Here's why.