Victoria Finkle

The House Financial Services Committee wrestled with concerns over "too big to fail" on Wednesday, pressing current and former regulators, including Richard Fisher and Sheila Bair, on how the Dodd-Frank Act could be improved to prevent future bank bailouts.

Sens. Bob Corker and Mark Warner on Tuesday introduced their much-discussed proposal for reforming the mortgage finance market. The effort has continued to win plaudits from fellow lawmakers, regulators and the industry.

Senate Banking Committee members pressed regulators Tuesday about the extent of industry efforts to gain greater flexibility in modifying or delaying repayment of troubled student loans.

WASHINGTON — Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., are scheduled to introduce their highly anticipated bill to reform the mortgage finance system on Tuesday, a spokeswoman from Warner’s office confirmed Monday night.

WASHINGTON — The House and Senate banking panels are hosting several eagerly anticipated hearings this week, including a regulatory showdown over "too big to fail" and a confirmation hearing for Rep. Mel Watt, D-N.C., to head the Federal Housing Finance Agency.

Sen. Elizabeth Warren is turning up the heat on the Federal Home Loan Banks for offering cheap financing to private student loan provider Sallie Mae.

WASHINGTON — Republican lawmakers are calling on the Consumer Financial Protection Bureau to explain its rationale behind new fair lending guidelines for auto lenders.

WASHINGTON — Sen. Sherrod Brown, D-Ohio, is asking regulators to provide better oversight of independent consultants hired by financial institutions after the state of New York cracked down on Deloitte Financial Advisory Services earlier this week.

A prominent group of policymakers from across the political spectrum has unveiled a detailed proposal to reform the mortgage finance system that includes many common elements found in pending Senate legislation.

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is asking for an investigation into claims that Bank of America purposefully delayed borrowers from entering the Home Affordable Modification Program.

Lawmakers and industry officials continue to issue warnings about the impact of the Consumer Financial Protection Bureau's ability-to-pay rule, despite recent efforts by the agency to amend certain provisions to assuage some industry concerns.

Sen. Elizabeth Warren voiced concerns Thursday about the regulatory burden facing community banks, asking whether the industry needs a two-tiered system of rules to keep the smallest institutions from being wiped out.

Goldman Sachs chief executive Lloyd Blankfein said regulators will not shy away from using their new "orderly liquidation authority" in the next crisis.

The House passed several derivatives bills that would roll back or modify provisions of the Dodd-Frank reform law, despite opposition by the White House and Democrats.

In response to questions from Sen. Elizabeth Warren, SEC Chairman Mary Jo White said the current policy of seeking settlements is in the best interests of consumers and companies.

A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.

After years of housing finance reform efforts languishing in Congress, a draft bill by Sens. Bob Corker, R-Tenn. and Mark Warner, D-Va., appears poised to become the catalyst for finally moving ahead on a way to overhaul Fannie Mae and Freddie Mac.

A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.

The consumer agency has listened to agency concerns and issued reasonable, measured rules, but it still faces charges that it's unaccountable and out of control.

The banking panel's top Republican said Tuesday that he hopes the committee will begin debate on overhauling the housing finance system this fall.