Victoria Finkle

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.

WASHINGTON — Rep. Maxine Waters, D-Calif., the top Democrat on the House Financial Services Committee, introduced legislation Friday to give the Securities and Exchange Commission the authority to impose and collect user fees from investment advisors.

Freshman Rep. Keith Rothfus has been appointed to the House Financial Services Committee.

The Senate Banking Committee testimony Thursday from Ed DeMarco, acting director of the Federal Housing Finance Agency, who said that the agency's ongoing efforts will be incomplete until Congress lays out a plan to bring the private sector back to the market.

WASHINGTON — Rep. Keith Ellison, D-Minn., introduced a bill Wednesday that would establish a tax on the trading of stocks and other financial products.

Democratic lawmakers raised numerous concerns Wednesday over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Community bankers sounded more warnings about the Dodd-Frank reform law and proposed Basel III requirements on Tuesday, including how new rules will impact the housing market.

Lawmakers have a busy schedule this week with several hearings on a variety of issues, including the independent foreclosure review and "too big to fail."

Sen. Barbara Boxer asked officials Friday to look into evidence that the big banks are violating the $26 billion national mortgage settlement.

Rep. Maxine Waters moderated a wide-ranging debate on the housing finance system Friday.

Lawmakers grilled the OCC and Fed on Thursday over the failed independent foreclosure review, including their extensive use of independent consultants to carry out much of the work.