Victoria Finkle

The Senate approved a controversial bill to fund the country's highway spending Thursday, setting up a protracted fight for the banking industry that will continue over the August recess.

Former Texas Gov. Rick Perry laid out a sweeping financial reform agenda on Wednesday, suggesting he would force the biggest banks to hold even more capital or reinstitute elements of the Glass-Steagall Act.

WASHINGTON — Senate Democrats unveiled a bill Wednesday that would require banks and debt buyers to ensure that a consumer's credit report is updated when debt is extinguished through bankruptcy.

The Department of Justice's Office of Professional Responsibility said it found no support for allegations that federal lawyers wrongly pursued legal online payday lenders and forced banks to cut ties with legitimate businesses.

A bipartisan group of lawmakers has introduced the first Senate bill protecting banks involved with legal marijuana businesses.

A bipartisan group of lawmakers has introduced the first Senate bill protecting banks involved with legal marijuana businesses.

Federal Reserve Board Gov. Lael Brainard jumped into the debate over growing concerns about diminishing market liquidity, conceding that new bank rules may be a factor.

A bipartisan group of lawmakers has reintroduced a bill reviving provisions of the Depression-era law that separated commercial banking from riskier financial activity.

As Treasury Secretary Jacob Lew defended the legacy of the 2010 reform law, in another part of the capital a banker and Republican lawmakers pleaded for legislative changes.

Nearly 25 years after a landmark deal and two subsequent legislative overhauls, glitches in the credit reporting system remain widespread. As a result, regulators and law enforcement officials are again raising the stakes for the credit reporting industry, but critics fear it may not be enough.

Nearly 25 years after a landmark deal and two subsequent legislative overhauls, glitches in the credit reporting system remain widespread. As a result, regulators and law enforcement officials are again raising the stakes for the credit reporting industry, but critics fear it may not be enough.

The Consumer Financial Protection Bureau is generally coordinating with prudential regulators on supervisory issues to avoid duplicating responsibilities, but communication between the agencies can still be improved, the CFPB's watchdog said Thursday.

In the aftermath of passage of a sweeping law like Dodd-Frank, sharp divisions are common. What's unusual is the way the divide has persisted five years later, and in many ways has even hardened.

In the aftermath of passage of a sweeping law like Dodd-Frank, sharp divisions are relatively common. What’s unusual is the way the divide has persisted five years later, and in many ways has even hardened.

In their ongoing quest to undo the most burdensome provisions of the Dodd-Frank Act, bankers invite lawmakers to spend a day in their branches.

Senate Democrats are urging regulators to investigate potential discrimination in how banks and other financial institutions handle and market foreclosed homes.

Senate Democrats are urging regulators to investigate potential discrimination in how financial institutions handle and market foreclosed homes.

WASHINGTON — The House Appropriations Committee approved legislation Wednesday to subject the Consumer Financial Protection Bureau to the federal appropriations process and block the agency from issuing a rule on mandatory arbitration clauses.

Treasury Secretary Jacob Lew downplayed concerns by House Republicans Thursday that financial regulation is a key driver in spurring recent market volatility and a possible reduction in liquidity.

House lawmakers plan to introduce a bill Monday to delay a controversial risk-based capital proposal for credit unions that would require regulators to further study the issue before finalizing the plan.