Victoria Finkle

Sen. Thad Cochran, R-Miss., won a key primary runoff contest Tuesday night, securing the likelihood that Sen. Richard Shelby, R-Ala., will resume his chairmanship of the Banking Committee if Republicans take control of the Senate.

House Majority Leader Eric Cantor's loss to an unknown Tea Party challenger sheds new light on the deep divisions in the Republican Party, which is ultimately likely to have a large impact on the debate over financial policy.

The House Financial Services Committee approved legislation Friday to extend and modify the Terrorism Risk Insurance Act and make several changes to the Financial Stability Oversight Council.

A proposal to extend and modify the Terrorism Risk Insurance Act divided the House Financial Services Committee down party lines on Thursday, and signaled the battle lines that are likely to arise when the issue is worked out between the House and Senate.

A bipartisan group of House lawmakers is calling on the White House to select a nominee to the Federal Reserve Board with community banking experience.

The battle over funding for a Department of Justice program to root out fraud in the payments processing industry is heating up this week, as the Senate begins consideration of the law enforcement agency's appropriations bill.

Rep. Randy Neugebauer, R-Texas, introduced a new plan Tuesday to modify and extend the Terrorism Risk Insurance Act.

Sen. Sherrod Brown, D-Ohio, is pressing the Securities and Exchange Commission to revoke certain privileges from banks when they are involved in settlements or enforcement actions for illegal activity.

Rep. Maxine Waters, R-Calif., is urging the Commodity Futures Trading Commission to examine banks' efforts to sidestep U.S. swaps trading rules.

The Senate confirmed three officials to the Federal Reserve Board Thursday, filling several key holes at the agency's helm.

Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, has announced that he will not run for majority leader to replace Rep. Eric Cantor.

The House Financial Services Committee approved a series of bills on Wednesday, including several key changes to the Consumer Financial Protection Bureau and the Financial Stability Oversight Council.

WASHINGTON — House Majority Leader Eric Cantor's stunning defeat in Virginia's Republican primary Tuesday evening could usher in a new political era for the House — one that's likely to leave its imprint on the credit union community and the banking industry.

Majority Leader Eric Cantor's stunning defeat in Virginia's Republican primary Tuesday evening could usher in a new political era for the House — one that's likely to leave its imprint on the banking industry.

Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, is requesting additional information from the Federal Deposit Insurance Corporation about its involvement in Operation Choke Point.

The House approved a bill Monday evening to modify the calculation of certain "points and fees" under the Consumer Financial Protection Bureau's qualified mortgage rule.

The House approved a bill Monday evening to modify the calculation of certain "points and fees" under the Consumer Financial Protection Bureau's qualified mortgage rule.

Payday lenders are raising the stakes in their pushback on Operation Choke Point with a lawsuit against banking regulators, alleging that "back-room pressure of banks" to dissolve longstanding relationships with payday shops and others is unfairly harming the industry.

The Senate held two separate hearings on the issue on Wednesday, covering everything from bank ties to universities to trouble with student loan servicers.

The Senate approved a bill Tuesday night that would ease capital standards for insurance companies under the Dodd-Frank Act.