Victoria Finkle

President Obama held a private meeting with financial regulators on Monday to discuss ongoing implementation of the Dodd-Frank Act, emphasizing the need to finalize additional rules quickly.

Sen. Heidi Heitkamp is keeping busy on her August recess, talking housing finance reform and meeting with community bankers in her home state of North Dakota.

The Government Accountability Office is poised this fall to unveil the first of two reports on whether big banks benefit from an implicit subsidy due to the perception that they are "too big to fail," adding more fuel to an already contentious debate.

Rep. Jeb Hensarling, chairman of the House Financial Services Committee, said Tuesday that he remains hopeful the House will take a vote this fall to reform the mortgage finance market and move toward a conference with the Senate, despite ongoing policy disagreements.

Senate Majority Leader Harry Reid's surprise criticism of President Obama's plan to unwind Fannie Mae and Freddie Mac has upset the conventional wisdom surrounding housing finance reform.

As Congress struggles to determine the appropriate role for government in the mortgage market, affordable housing may prove a politically charged hurdle on the path to reform.

President Obama has nominated J. Christopher Giancarlo to serve on the Commodity Futures Trading Commission and Karen Dynan to serve as assistant Treasury secretary for economic policy.

Sen. David Vitter, a staunch conservative who can usually be found singing the praises of plans to break up big banks and overhaul the FHA, will be singing a different tune this weekend — namely that of pop idol Justin Bieber.

GOP lawmakers are raising concerns that the Consumer Financial Protection Bureau's former deputy director, Raj Date, and other staffers "left the CFPB in order to profit from rules they helped create."

Lawmakers have authorized the Federal Housing Administration to make a narrow set of changes to its reverse mortgages program to help the troubled program avert more radical reforms later this year.

A group of 37 House Democratic women are asking President Obama to name Janet Yellen, vice chairman of the Federal Reserve Board, to succeed Ben Bernanke as chairman of the Fed when his term expires.

Legislation to reform the Federal Housing Administration sailed through the Senate Banking Committee on Wednesday, but the bill's future, along with that of broader, comprehensive mortgage reform, remain up in the air as Congress prepares to break for the August recess on Friday.

The Senate Banking Committee approved legislation to reform the Federal Housing Administration on Wednesday to help stabilize the agency's beleaguered reverse mortgages program and strengthen its underwriting standards.

Sen. David Vitter is vowing to push for "tough" reforms to the Federal Housing Administration when the Senate Banking Committee takes up a bill to implement key changes at the agency on Wednesday.

Lawmakers pressed heads of the SEC and CFTC at a hearing on Tuesday about their progress implementing and enforcing new rules under the Dodd-Frank Act.

Richard Whiting, executive director and general counsel of the Financial Services Roundtable, has announced he will step down early next year.

Sen. Elizabeth Warren has joined the call to bring back a Depression-era law that separated commercial and investment banking, but enactment of her legislative proposal is highly unlikely.

Carol Galante, the commissioner of the Federal Housing Administration, told lawmakers discussing broad reforms to the housing agency that more targeted action is needed in the short term to repair the FHA's reverse mortgage program.

WASHINGTON — The House Financial Services Committee narrowly approved legislation to overhaul the mortgage finance system Wednesday morning after more than 10 hours of back-and-forth debate on Tuesday.

The House Financial Services Committee was expected to approve a Republican-backed bill to remove government support in a new housing finance system, but senators continue to back a more bipartisan approach that preserves a federal backstop.