Victoria Finkle

Brian Moynihan said Friday the housing market continues to improve, but warned that a full transition to a largely privatized mortgage finance system is years, if not decades, away.

House Republicans continued their attacks on the Volcker Rule on Thursday, arguing it was unnecessary and overly complex just a day after Federal Reserve Board Chairman Ben Bernanke signaled regulators were close to finalizing it.

Dwight Fettig, the staff director of the Senate Banking Committee, will return to the private sector at yearend, while several other staffers are receiving promotions. Charles Yi, the chief counsel and deputy staff director, will succeed Fettig.

The House passed a bill by voice vote Wednesday that would exempt banks from sending out privacy notices to customers if the disclosures haven't changed from the prior year.

The House Financial Services Committee had tough questions for the Commodity Futures Trading Commission on Wednesday over its implementation of derivatives provisions laid out in the Dodd-Frank reform law.

The Senate passed two bills by unanimous consent Tuesday night involving fee disclosure requirements for ATMs and information sharing with the CFPB, paving the way for the bills to be signed into law.

The Obama administration released a statement of policy Tuesday in favor of a bill to extend the TAG program, just hours before the Senate passed a motion to limit debate on the legislation, the first procedural step towards a final vote.

The House is scheduled to vote this week on a bill that would exempt banks from sending an annual privacy notice to customers unless the disclosures have changed from a year earlier.

The Senate is scheduled to vote Tuesday on a bill that would extend a crisis-era program that guarantees certain business accounts.

Senator-elect Heidi Heitkamp may be the next in line to join the Senate Banking Committee.

The National Association of Federal Credit Unions is asking the Independent Community Bankers of America to "immediately cease and desist" use of the credit union trade group's name in reference to support of a controversial bill to extend a crisis-era account guarantee program.

The Senate Banking Committee had tough questions for Shaun Donovan, on the heels of a disappointing report on the mortgage insurer's financial health last month.

The Senate is preparing to vote soon on a bill to keep TAG alive even as various interests, including large institutions and money-market mutual funds, fight to shut the program down.

The House Democratic Caucus formally elected Rep. Maxine Waters Tuesday as ranking member for the House Financial Services Committee.

The Senate passed an amendment Monday that would tighten a law barring lenders from charging members of the military more than 36% interest on their loans.

Just when you thought it couldn't get any nastier between banks and credit unions, the credit unions are opposing a TAG extension that many small banks have been pushing for.

Senator-elect Elizabeth Warren has secured a spot on the Senate Banking Committee and she'll be joined by Sen. Joe Manchin, according to a Democratic Senate aide.

House Republicans are preparing to add several members to the Financial Services Committee next year, as well as kicking two current members off the panel.

Rep. Jo Ann Emerson, a member of the House Appropriations Committee, is leaving Congress in February to head the National Rural Electric Cooperative Association.

Several important bills, including one protecting information banks share with the CFPB and another nixing the requirement that banks have a physical sign disclosing ATM fees, could be poised for passage in the Senate during the lame duck session. But the fate of others, including an extension of TAG, is less clear.