Victoria Finkle

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.

Sen. Mike Crapo, R-Idaho, is urging the Federal Reserve Board to issue guidance about the transition time for institutions to comply with the new swaps push-out rule.

Sen. Mike Crapo, the top Republican on the Senate Banking Committee, is striking a new pose this week, announcing that he joined Instagram, an online social media service for sharing photos.

Members of the House Financial Services Committee are pressing the Consumer Financial Protection Bureau for details about its investigation into discriminatory auto lending.

The threat of cyberattack is an increasingly hot topic in Washington, but political interest alone appears unlikely to provide enough momentum to get cybersecurity legislation supported by banks passed this year.

A bipartisan group of senators led by Sen. Bob Corker, R-Tenn., is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.

Assistant Attorney General Mythili Raman acknowledges "complexities" in investigating bigger banks but tells a House panel that they "do not equal immunity" from criminal action.

Lawmakers on the House Financial Services Committee grilled Treasury Secretary Jacob Lew on Wednesday over various policy issues, including the Volcker rule, mortgage finance reform and the Internal Revenue Service scandal.

The House passed a controversial bill on Friday requiring the Securities and Exchange Commission to conduct additional economic analysis on its rules.

Rep. Mel Watt drew a lot of attention Wednesday when he questioned Attorney General Eric Holder at a House Judiciary Committee hearing with his grandson Nico in his lap.

Senate Majority Leader Harry Reid is bringing the battle over the Consumer Financial Protection Bureau back to the forefront next week with a long-awaited confirmation vote on Richard Cordray, the agency's director.