Senate Banking Committee

The Massachusetts senator and architect of the CFPB offered a sharp contrast to the administration's deregulatory agenda and sent strong signals of a presidential run.

Further legislative reform will face resistance, but it could still happen.

More than a dozen lawmakers wrote to the banking agencies Friday, arguing that any regulatory reforms to the Community Reinvestment Act should focus on expanding access to credit.

Montgomery was confirmed by the Senate 74-23 to serve his second stint at the FHA, where he previously was commissioner during the George W. Bush administration.

The soon-to-be-retiring chair of the House Financial Services Committee said Senate leaders have made a "commitment" to consider more changes.

After months of delay, the House is planning to vote on legislation next week that would amend the Dodd-Frank Act.

A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues.

The House affirmed this week that it would move forward with a vote on a Senate bill overhauling parts of Dodd-Frank, but how far lawmakers push additional relief proposals is still unclear.

Bill supporters say the guidance — which held indirect auto lenders liable for unintentional discrimination at partner dealerships — violated Dodd-Frank, but consumer advocates say the legislation would expose minority borrowers to mistreatment.

The administration is prolonging a decision on a permanent director for the agency to keep the interim chief in place until year-end or longer.