Victoria Finkle

Mary Jo White, Obama's nominee to head the SEC, received near-unanimous support from the Senate Banking Committee during a vote Tuesday morning, while backing for Richard Cordray, director of the CFPB, was split as expected along party lines.

Rep. Mel Watt is said to be on the shortlist to serve as director of the Federal Housing Finance Agency, but it remains to be seen if he or any nominee can survive the Senate confirmation process.

Arguably the most important point of a Senate hearing investigating JPMorgan's Whale trades was the picture that emerged of a bank that didn't understand its risks and a regulator that couldn't keep up either.

The Senate Permanent Subcommittee on Investigations' probe into the JPMorgan Chase "London Whale" trading debacle provides a harsh critique of bank misbehavior, but also raises critical questions about the regulators trained to police it.

A bipartisan group of lawmakers on the House Financial Services Committee and the House Agriculture Committee is drafting a bill to address ongoing concerns with a series of cross-border swaps provisions.

Rep. Randy Neugebauer, a senior member on the House Financial Services Committee, discusses his priorities for FHA reform, despite ongoing partisan bickering.

The Permanent Subcommittee on Investigations' hearing into the "London Whale" mess at JPMorgan Chase will include a number of bank and OCC officials. Notably absent will be JPM CEO Jaime Dimon.

The House Financial Services Committee is circulating a biting "Get Out of Jail Free" card following comments by Attorney General Eric Holder that confirmed a bank's size plays a role in deciding whether to prosecute certain crimes.

Sen. Bob Corker raised concerns Tuesday about whether the Financial Stability Oversight Council could unwind a healthy bank solely due to concerns about whether the institution is "too big to fail."

The House passed a bill by voice vote Tuesday evening that would allow banks to opt out from sending unchanged annual privacy notices to customers, a measure the chamber previously passed during the lame duck session last year.

Rep. Paul Ryan's budget plan, released Tuesday, renews attacks on the Dodd-Frank reform law and government housing policy.

Rep. Jeb Hensarling, chairman of the House banking panel, is asking whether the Fed can lawfully transfer funds to the CFPB if the agency is without a director.

Sens. Mark Warner, D-Va., and Bob Corker, R-Tenn., are asking Attorney General Eric Holder to clarify his surprising remarks last week about whether some institutions are too big to prosecute.

Attorney General Eric Holder's admission that some banks are effectively "too big to jail" continues to reverberate throughout the banking world, spurring a push-back from industry representatives and concern from House Financial Services Chair Jeb Hensarling.

Sens. Sherrod Brown, a liberal from Ohio, and David Vitter, a conservative from Louisiana, are an unlikely pair. But they have forged a working alliance and are committed to raising capital requirements on the biggest banks and reducing their size.

If you thought bankers were happy when Barney Frank left, try 'em now that Sen. Carl Levin has decided to retire next year and relinquish his hold on the aptly named Permanent Subcommittee on Investigations.

Lawmakers savaged the Treasury Department and banking regulators on Wednesday over their enforcement of anti-money laundering laws and the lack of criminal prosecutions against big banks for violating those provisions.

Attorney General Eric Holder's stunning admission that it was difficult to prosecute large banks because of the potential economic impact adds significant ammunition to those seeking to break up such institutions.

U.S. Attorney General Eric Holder said Wednesday that a bank's size can make it difficult to prosecute, adding significant weight to critics' concerns that some institutions are "too big to jail."

Sen. Richard Shelby introduced two bills on Tuesday aimed at fixing technical errors in the Dodd-Frank reform law and requiring regulators to complete rigorous economic analysis when crafting new rules.