Victoria Finkle

The House approved a bill late Monday that would set up a framework for large failing banks to go through the bankruptcy process.

The Independent Community Bankers of America is urging the House to include in its terrorism risk insurance bill an unrelated amendment requiring community-banking expertise on the Federal Reserve Board.

Republican lawmakers will head the banking committees in both chambers next year – raising the prospects for deals on key legislation – but getting to the negotiating table is still the biggest hurdle for the next Congress.

Senate Democrats hammered William Dudley, president of the Federal Reserve Bank of New York, at a highly anticipated hearing on Friday, demonstrating the growing pressure the central bank is under to take harsher actions against banks and restrict examiners from defecting to institutions after leaving service.

The Federal Reserve announced two separate reviews Thursday to ensure that supervision of the largest banks is being handled correctly.

The House Financial Services Committee has appointed five subcommittee chairs for the next Congress.

A prominent labor group is pressing big banks and investment companies about their payment practices for executives who leave for government service.

Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.

Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are pressing more than a dozen financial services companies for information about recent data breaches.

The Department of Justice and the Federal Deposit Insurance Corp. have agreed to launch preliminary investigations into Operation Choke Point.

WASHINGTON — The Department of Justice and the Federal Deposit Insurance Corp. have agreed to launch preliminary investigations into Operation Choke Point.

WASHINGTON — Sen. Elizabeth Warren's new spot on the Democratic leadership team has supporters cheering, but it remains to be seen how the role will impact her work on financial services issues.

Sen. Elizabeth Warren's rise to a spot on the Democratic leadership team has supporters cheering, but it remains to be seen how the role will affect her work on banking issues.

Senate Democrats have tapped Sen. Elizabeth Warren, D-Mass., to join the leadership ranks next year to serve as a bridge to liberal groups.

Merchant and banking groups are again at odds over cybersecurity policy, sparring over who’s to blame for recent data breaches and how lawmakers can ensure greater protections.

WASHINGTON — Merchant and financial services groups are again at odds over cybersecurity policy, sparring over who's to blame for recent data breaches and how lawmakers can ensure greater protections.

Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, leaving bankers wondering whether she will be tougher on institutions than her predecessor.

Lawmakers could address several key bills for the financial industry this fall, including on terrorism risk insurance and a capital change for systemically important insurance companies, during what is anticipated to be a brisk lame-duck session.

While many banks are cheering Republicans' success in the midterm elections, the results may not be as transformative as they hope. Here's why.

Sen. Richard Shelby is expected to become chairman of the Senate Banking Committee next year after Republicans seized enough seats to take control of the chamber. But the Alabama Republican will face a time-crunch to get his agenda through.