Victoria Finkle

The Senate Banking Committee approved legislation Tuesday to extend the Terrorism Risk Insurance Act, a program due to expire at yearend. It also considered making a legislative fix to the Dodd-Frank Act. Here's what happens next.

The Senate Banking Committee approved a bill Tuesday to reauthorize the Terrorism Risk Insurance Act for seven years.

WASHINGTON — The Senate Banking Committee approved a bill Tuesday to reauthorize the Terrorism Risk Insurance Act for seven years.

Lawmakers are ramping up pressure on the Department of Justice and banking regulators to curtail their efforts under Operation Choke Point, including prepping legislation that would grant institutions a safe harbor in certain circumstances.

Lawmakers are working behind the scenes to spur a potential vote on legislation that would ease capital standards for insurance companies as soon as next week.

A battle over social media about how well the current housing finance system treats African-Americans and other minorities has spurred a critical discussion about racial disparities in the mortgage market.

Mortgages generated the bulk of consumers' complaints.

House Republicans aren't likely to cease their attacks against the Consumer Financial Protection Bureau anytime soon, but they appear to be swapping playbooks.

The Senate confirmed economist Stanley Fischer to the Federal Reserve Board Wednesday afternoon.

The Senate voted to end debate Tuesday evening on the nomination of Stanley Fischer to serve as vice chairman of the Federal Reserve Board.

The Justice Department likely hopes that Credit Suisse's guilty plea to a criminal charge will squash the idea that some large institutions are too important to the economy to prosecute. But experts say the issue is more complicated than that, arguing that the debate will live on. Here's why.

Democratic lawmakers on the Senate Banking Committee sounded off against bipartisan legislation to overhaul the mortgage finance system on Thursday, opposition that likely all but ruins the bill's chances of making it to the chamber floor this year.

The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday.

WASHINGTON — The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday, but observers say a quiet death likely awaits it due to a lack of greater support from key lawmakers.

The dim prospects for Congress doing anything to overhaul the system dominated by Fannie Mae and Freddie Mac leave a host of big questions about what happens to the mortgage sector going forward.

RBS Moves to Spin Off Citizens; Fed Staffing Strains

The Senate Banking Committee will renew its markup of legislation to overhaul the housing finance system on Thursday, after abruptly postponing the deliberations late last month.

The Senate Banking Committee is said to be moving toward a vote on major housing finance reform legislation next week, but the effort is likely to attract no more than 13 votes, falling short of what would be needed to advance the bill to the Senate floor this year.

The House Financial Services Committee grilled Treasury Secretary Jack Lew on a wide range of issues Thursday, raising concerns about regulatory oversight of the mortgage servicing industry and transparency at the Financial Stability Oversight Council.

The fate of low-income and minority families under housing finance reform remains at the heart of negotiations over a Senate bill, highlighting a longstanding split between advocates pushing for affordable rental options and those urging access to homeownership.