Victoria Finkle

Lawmakers in both chambers are working to pass a major farm bill that will determine agricultural policy for the next five years, legislation that could have implications for rural lenders.

Attorney General Eric Holder tried on Wednesday to walk back earlier comments that some financial institutions are "too big to jail" during a House Judiciary Committee hearing.

Senate Majority Leader Harry Reid confirmed Wednesday that the chamber will hold a vote to confirm Richard Cordray as director of the Consumer Financial Protection Bureau sometime next week.

Sen. Elizabeth Warren renewed her inquiry Tuesday into whether government officials have conducted any analysis into the trade-offs of settling an enforcement action without requiring an admission of guilt versus going to trial.

Sen. Mike Crapo, the top GOP lawmaker on the Senate Banking Committee, is requesting more information about the Consumer Financial Protection Bureau’s data collection practices.

Sen. Elizabeth Warren, D-Mass., introduced a bill Wednesday that would temporarily allow students eligible for federally subsidized Stafford loans to borrow at the same interest rate that the largest institutions receive through the Federal Reserve discount window.

The House banking panel is scheduled to consider a host of derivatives bills next week, a debate that could spur momentum in the charge to amend some of the Dodd-Frank law's provisions.

A Congressional Budget Office report commissioned by Democrats concludes that principal reductions in modifications of loans backed by Fannie Mae and Freddie Mac would achieve more success if eligibility of the Home Affordable Modification Program were widened.

Rep. Mel Watt will likely face an uphill to win confirmation as director of the Federal Housing Finance Agency, but nominating him has other advantages in the debate over long term mortgage policy.

The debate over "too big to fail" has attracted unprecedented attention in the last few months from prominent lawmakers, regulators and pundits, but both Sen. Tim Johnson and Rep. Jeb Hensarling, two key players, remain on the sidelines.

Rep. Jeb Hensarling's political action committee hosted a fundraising event in February for numerous banking industry officials, ProPublica reported Tuesday.

WASHINGTON – A bipartisan group of lawmakers is looking to amend a lending provision that classifies certain types of loans used to purchase manufactured housing as predatory.

Sen. Sherrod Brown was flummoxed this week by a critic's description of herself as the "Judas goat" of Wall Street.

Sens. David Vitter and Sherrod Brown are courting a key constituency — small banks — that they hope can help build support for their legislation to tackle "too big to fail."

Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., released their much anticipated capital standards bill on Wednesday, designed to address growing concern over whether some institutions are "too big to fail."

Sen. David Vitter, R-La., revealed significant changes Wednesday morning to his legislation with Sen. Sherrod Brown, D-Ohio, to address concerns over "too big to fail."

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is urging Chairman Jeb Hensarling to reverse his decision not to allow Consumer Financial Protection Bureau Director Richard Cordray to testify later this month on the agency's semi-annual report.

Banking analysts, former regulators, lawmakers, banking industry representatives and top academics spent more than an hour and a half debating how best to resolve the issue of "too big to fail" on Tuesday, and came away with no easy solutions.

Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., speaking at a forum co-hosted by American Banker, hinted at several potential changes from a draft copy of the legislation that was leaked to the media earlier this month.

Rep Jeb Hensarling, chairman of the House Financial Services Committee, said the panel will not accept testimony from CFPB Director Richard Cordray on the agency's semi-annual report, arguing that he was not legally appointed to the position.