Victoria Finkle

Ranking members named by the GOP to the Senate Banking Committee's subcommittees include Sen. Mike Johanns of Nebraska and Sen. Patrick Toomey of Pennsylvania.

House Republicans are expected to once again push for repeal of the FDIC's orderly liquidation authority outlined in the Dodd-Frank law as they fight over President Obama's budget.

President Obama has nominated Sally Jewell, head of outdoor company REI and a former banker, to be Secretary of the Interior.

WASHINGTON — The Senate Banking Committee has scheduled its first hearing of the year with a number of top banking regulators to discuss implementation of the Dodd-Frank reform law and other issues.

Democratic Sens. Robert Menendez of New Jersey and Barbara Boxer of California have reintroduced a bill that Democrats argue would help millions of borrowers refinance their mortgages.

WASHINGTON — The Senate Banking Committee has named its subcommittee leaders for the coming term.

The House Financial Services Committee held its first full hearing of the year on Wednesday, with lawmakers divided on the future of the Federal Housing Administration.

Rep. Maxine Waters, the top Democrat on the House banking panel, is asking Rep. Jeb Hensarling, the committee's chairman, to hold a hearing with regulators on the $8.5 billion mortgage servicer settlement announced last month that ended the troubled independent foreclosure review.

The House Financial Services Committee held a dinner meeting Monday night at an Italian restaurant in Washington, D.C.

WASHINGTON — GOP Sens. Bob Corker of Tennessee and David Vitter of Louisiana have introduced legislation that would require the Federal Reserve to focus on price stability to keep inflation low as its top priority.

Sen. Jerry Moran has reintroduced a bill to overhaul the structure of the CFPB in the wake of a controversial court ruling last month.

Sen. Michael Crapo, the new ranking member on the Senate Banking Committee, discussed his priorities for the year in a sit-down interview with American Banker. During the interview, he also pushed for structural changes at the CFPB, and suggested they are needed at the OCC too.

Democratic lawmakers, including Sen. Elizabeth Warren and Rep. Maxine Waters, are asking regulators for more detail on a recent settlement with mortgage servicers that halted an independent foreclosure review started last spring.

Sens. Johanns, Alexander and Cornyn are backing a bill that would stop CFPB funding for carrying out any actions that require a confirmed bureau director, in the wake of a controversial court ruling.

Elizabeth Warren, the new senator from Massachusetts and the CFPB's founder, is uniquely positioned to cut a deal on the agency's structure, a move that could pave the way to confirm Richard Cordray as head of the agency and remove legal uncertainty surrounding its powers.

The Competitive Enterprise Institute and the 60 Plus Association are urging the Senate to delay confirmation of Richard Cordray, director of the Consumer Financial Protection Bureau, until the implications of a recent federal court case are better understood.

Sens. Sherrod Brown and Chuck Grassley are requesting information about the Justice Department's prosecutorial decisions regarding some of the country's biggest financial institutions.

A ruling by a federal appeals court last week that President Obama acted improperly in recess appointing members of the National Labor Relations Board may encourage Democrats to cut a deal on the structure of the Consumer Financial Protection Bureau.

Freshman lawmaker Rep. John Delaney, who used to head commercial lender CapitalSource, discussed his priorities as a new member of House Financial Services Committee.

Despite bipartisan nature of first vote, new House Financial Services Committee leaders still dispute effects of Dodd-Frank law.