Victoria Finkle

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.

Deferred prosecution agreements involving HSBC's money laundering scandal and similar cases have practical advantages. But they also raise concerns that big banks are getting off easier than small ones.

House Democrats, including Maxine Waters, want a court to uphold a rule mandated under Dodd-Frank that requires disclosure of foreign extraction payments.

Ohio Senator Sherrod Brown wrote a letter to regulators Thursday, arguing that "breaking the law should not be a business expense."

David Stevens, president and chief executive of the Mortgage Bankers Association, highlighted several critiques of the CFPB's final QM rule during a speech on Wednesday.

House Democrats have chosen ranking members for the five banking panel subcommittees.

Five Senate Democrats are urging bank regulators to end payday-like lending.

The White House officially nominated Jacob Lew as Treasury secretary, after widespread speculation that Lew would get the nod.

White House Chief of Staff Jacob Lew, who is widely expected to be nominated as Treasury secretary, is something of an unknown quantity to the financial industry.

Timothy Ryan is stepping down as president and chief executive of the Securities Industry and Financial Markets Association next month, with former Rep. Kenneth Bentsen expected to take over.

Sen. Michael Crapo, an Idaho Republican, expected to take over as ranking member on the Senate Banking Committee this year, was named chief deputy whip for his party on Tuesday.