Victoria Finkle

A highly anticipated report by the Government Accountability Office has found that the subsidy large banks receive for their size has been reduced or even eliminated since the financial crisis.

The Senate Homeland Security & Governmental Affairs Committee approved legislation Wednesday that would require federal agencies to be more transparent in settlements reached with banks and other companies for breaking the law.

Sen. Sherrod Brown, D-Ohio, has scheduled a hearing next Thursday to discuss a highly anticipated Government Accountability Office report on "too big to fail" due out the same day.

Friends of Traditional Banking has narrowed its watch list of candidates for the November elections, saying it will focus solely on Senate races this year.

Former Massachusetts Senator Barney Frank unsurprisingly defended the financial reform law, yet also indicated he disagreed with regulators on implementation of some elements and a push by Sen. Elizabeth Warren to restore Depression-era rules separating banking from other industries.

A highly anticipated government report due to be released July 31 is expected to say big banks received less of a subsidy from the perception that they are "too big to fail." But it remains uncertain whether that would continue to be true in a future crisis or if market conditions change.

WASHINGTON — Top lawmakers on the House Financial Services Committee debated the value of the Dodd-Frank Act in dueling reports on Monday, commemorating the financial reform law's fourth anniversary.

As the Dodd-Frank law turns four years old, policymakers appear increasingly willing to revisit a key requirement that says banks with $50 billion of assets are systemically risky.

The Senate overwhelmingly passed a bill Thursday to extend the Terrorism Risk Insurance Act, as divisions over a competing measure continue to stymie House leaders.

The push to expand banking services at the country's post offices continues to gain momentum, though numerous questions remain about the design and scope of such an effort.

Although the landmark bill bearing his name stopped short of consolidating the regulators, former Sen. Christopher Dodd said creating a single prudential agency could be revived one day.

WASHINGTON — A new analysis by the American Action Forum examines the cumulative costs and paperwork burdens of the Dodd-Frank Act roughly four years after the financial reform law's passage.

The Justice Department's $7 billion deal with Citigroup is likely not the last big government maneuver to penalize banks for faulty mortgage-related practices leading to the financial crisis.

John Delaney, D-Md., John Carney, D-Del., and Jim Himes, D-Conn., introduced a new housing bill Thursday designed to provide an explicit government backstop for the market but still increase private sector participation.

Rep. Maxine Waters, D-Calif., is warning that a key House appropriations bill risks undercutting regulators' ability to oversee the financial system.

Last year's push by some lawmakers to rein in the big banks may have lost steam, but an imminent GAO report and committee leadership changes could give the issue new life.

Friends of Traditional Banking, has released its preliminary list of 2014 races to watch.

A bill to clarify the Federal Reserve's authority around new capital rules is winding its way through Congress, paving the way for what could be a broader push for changes to the Dodd-Frank Act next year.

The Clearing House said Thursday that it has promoted Jeremy Newell to serve as general counsel of the trade group, which represents some of the largest financial institutions.

The Senate Banking Committee approved Julian Castro, the mayor of San Antonio, on Wednesday to head the Department of Housing and Urban Development.