Victoria Finkle

Sens. Tim Johnson, chairman of the Senate Banking Committee, and Mike Crapo, the top Republican, received an overall warm welcome to their agreement on housing finance reform released Tuesday, after months of negotiation.

Sens. Tim Johnson, chairman of the Banking Committee, and Mike Crapo, the top Republican, laid out a preliminary bipartisan agreement on housing finance reform after months of deliberation.

WASHINGTON — Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the panel's top Republican, laid out a preliminary bipartisan agreement Tuesday on housing finance reform after months of deliberation.

Banks have stepped up efforts to extend the government's terrorism risk insurance program, fearing that Congress may fail to act before it is scheduled to expire at yearend.

While the budget was once again focused on other issues than financial services, it provided an update on the White House's priorities as well as a prediction that the FHA's fortunes will soon improve.

Rules enacted last year appear to be steadily forcing banks to exit the mortgage servicing business, transferring such rights to nonbanks. The situation is stoking fears on Capitol Hill and elsewhere that regulators went too far.

WASHINGTON -- Eugene Ludwig, founder of Promontory Financial Group and former Comptroller of the Currency, was recognized Thursday evening by the Foreign Policy Association for his contributions to financial services.

The Republican-led House approved a bill Thursday evening that would drastically alter the structure of the Consumer Financial Protection Bureau.

Chances are remote that Congress will pass a big bank tax into law this year, but House Republicans' sudden embrace of the idea suggests it has staying power.

Chances are remote that Congress will pass a big bank tax into law this year, but House Republicans' sudden embrace of the idea suggests it has staying power.

JPMorgan Chase is the first bank to adopt a new disclosure box for its prepaid cards, developed by Pew Charitable Trusts.

Bankers and retailers rehash recent data breaches at Senate hearings, as new legislation is pondered.

The chamber is scheduled to consider legislation this week that would drastically alter the structure of the Consumer Financial Protection Bureau.

Regulators are facing mounting pressure from lawmakers and the financial industry to address ongoing concerns about the treatment of collateralized loan obligations under the Dodd-Frank Act, which critics warn could effectively destroy the market.

A group of House Democrats is urging regulators to provide a limited exemption for some debt securities issued by collateralized loan obligations under the Volcker Rule.

Miller, the vice chairman of the House Financial Services Committee, announced Wednesday that he will not seek reelection later this year.

WASHINGTON -- Senate Banking Committee leaders are expected to unveil their highly anticipated bipartisan bill to overhaul the mortgage finance market soon, as the window for moving legislation this year continues to narrow.

Sens. Tim Johnson and Mike Crapo are close to unveiling a highly anticipated bipartisan bill to overhaul the mortgage finance market as the window for moving legislation this year continues to narrow.

Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are urging the Federal Reserve Board to hold a formal vote on enforcement actions.

Lawmakers kicked off a week of investigations into recent data breaches on Monday and Tuesday, grilling bankers, retailers, government officials and consumer advocates about why the breaches occurred and what can be done to prevent future incidents.