Victoria Finkle

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.

After 33 years as a lobbyist for the American Bankers Association, Peter Blocklin is retiring from the trade group. He plans to open a small consulting firm called Rotunda Strategies.

Reps. Barney Frank and Mike Capuano have introduced a new bill to combine the Securities and Exchange Commission and the Commodity Futures Trading Commission, calling the existence of the two separate agencies a "structural defect."

The incoming and outgoing chairmen of the House Financial Services Committee — Reps. Jeb Hensarling and Spencer Bachus, respectively — are urging banking regulators to delay implementation of the Volcker Rule until 2015.

Industry groups and consumer advocates have joined forces to urge lawmakers to extend the Mortgage Forgiveness Debt Relief Act, warning that expiration of the 2007 law could hamper the housing recovery.

The House Republican Conference elected the Texas lawmaker as the next chairman of the House Financial Services Committee on Wednesday.

The House Republican Steering Committee officially recommended the Texas lawmaker for chairman of the House Financial Services Committee on Tuesday.

West Virginia lawmaker Shelley Moore Capito may step up her activity on the House banking panel this coming term, as she makes a run for Sen. Jay Rockefeller's seat in 2014.

Banking associations are mounting another push to keep the Senate from voting on a bill to raise the cap on credit union business lending.

SEC Chairman Mary Schapiro is leaving the agency, after helping turn around its tarnished reputation in the wake of the financial crisis.

Securities and Exchange Commission Chairman Mary Schapiro said Monday that she is stepping down as the agency's head.