Victoria Finkle

The Senate Banking Committee is already out of the gate with legislation on Iranian sanctions this week, but the fast movement has shed light on early friction between the panel's chairman and ranking member.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are prodding the biggest banks for information about how they will respond to changes to a controversial Dodd-Frank Act swaps provision signed into law last month.

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

The focus on raising the $50 billion-asset threshold determining which banks face the toughest provisions is highlighting interest in letting more community banks enjoy exemptions written into the law.

WASHINGTON — President Obama vowed to veto any future "unraveling" of the Dodd-Frank Act during his State of the Union address Tuesday night, further uniting Democrats against major changes to the law under the GOP-led Congress.

The president used his annual speech before Congress to defend Dodd-Frank while pleading that lawmakers pass cybersecurity legislation.

Sen. Richard Shelby, R-Ala., is quickly assembling his team after being formally named head of the Banking Committee just last week, with many current and former staffers for the lawmaker taking top slots.

House lawmakers approved a package of financial services bills on Wednesday, including a controversial delay of the Volcker Rule, despite strong opposition from key Democrats.

President Obama signed into law a six-year extension to the Terrorism Risk Insurance Act on Monday night, putting to rest months of debate over the program.

The White House rolled out several more cybersecurity provisions on Tuesday, including a proposal to better coordinate information sharing between the government and the private sector around cyberattacks and emerging threats.

The White House rolled out several more cybersecurity provisions on Tuesday, including a proposal to better coordinate information sharing between the government and the private sector around cyberattacks and emerging threats.

A new push by President Obama to tighten cybersecurity at banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws.

The Senate approved legislation Thursday to reauthorize the Terrorism Risk Insurance Act, sending it to President Obama's desk after a months-long battle.

Sen. Richard Shelby, R-Ala., was formally named Banking Committee chairman Thursday, returning to the post he held in the last GOP-controlled Senate.

House lawmakers defeated a package of financial services bills on Wednesday, including a measure to again push back part of the Volcker Rule, but approved a bill to reauthorize the Terrorism Risk Insurance Act.

With Republicans now controlling both chambers of Congress and signals from Democrats that they are open to alterations, revisions to Dodd-Frank are at the top of the agenda in addition to other subjects, like terrorism insurance and housing finance reform.

The repeal of a key Dodd-Frank Act swaps provision earlier this month was a blow to progressive advocates and lawmakers, but former Rep. Barney Frank says there’s still reason to be optimistic about the future of financial regulation.

The Senate finally passed a $1.1 trillion spending package late Saturday night, putting an end to several days of intense debate over the repeal of a key Dodd-Frank Act provision and other measures included in the bill.

It proved to be another chaotic day on Capitol Hill Friday as lawmakers continued to battle over a controversial swaps provision in a massive spending bill, while an extension of a key risk insurance program appeared suddenly in doubt.