Victoria Finkle

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.

Dan Berger, the credit union group's executive vice president of government affairs, will succeed Fred Becker as chief executive.

Rep. Luis Gutierrez, the third highest-ranking Democrat on the Financial Services Committee, is taking a leave of absence from the panel to focus on immigration reform.

GOP Sens. Dean Heller and Tom Coburn have been appointed to the Senate Banking Committee in the new Congress.

WASHINGTON — Sen. Michael Crapo, R-Idaho, who is widely expected to serve as ranking member on the Senate Banking Committee in the new Congress, pleaded guilty to a misdemeanor drunken driving charge on Friday.

The former head of the House Financial Services Committee has expressed interest in temporarily filling in for Sen. John Kerry, who has been nominated to become the next U.S. Secretary of State.

Shannon McGahn, who worked with the Financial Services Committee during the Dodd-Frank debate, will run the panel's staff.

Overaggressive growth, reliance on commercial real estate lending and use of brokered deposits were strategies common to banks that failed in the crisis, a government report said Thursday.

The banking industry is expected to benefit marginally from the deal to avert the fiscal cliff, but looming fights over tax reform and the debt ceiling remain.

Lawmakers in 2013 will continue to oversee implementation of the Dodd-Frank reform law and may begin to make inroads on housing finance reform.

Despite a lackluster track record in 2012, the two SuperPACs formed by bankers are vowing to increase their influence before the next election hits.