Sherrod Brown

Senate Democrats want acting CFPB Director Mick Mulvaney to explain why the agency is no longer policing student loan lenders and servicers.

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 acting Consumer Financial Protection Bureau director should be investigated for potential Hatch Act violations following his controversial remarks at a banking industry conference, Senate Democrats said Tuesday.

Critics of the acting CFPB director have a new line of attack as he takes fire for remarks made at an industry conference earlier this week.

Lawmakers on Tuesday continued debating a thicket of proposed additions to a crucial regulatory relief bill on their way to a final vote likely to occur as early as midweek.

Top Democratic lawmakers are piling pressure on the Federal Reserve Bank of New York to consider a diverse slate of candidates as the search for its next president enters a critical phase.

The Senate legislation could be crucial for three moderate Democrats backing the bill who are up for re-election this fall, although the package has divided the party more broadly.

Numerous regional banks stand to benefit from a provision that narrows the scope of institutions defined as "systemically important" under the Dodd-Frank Act.

The Senate is poised to pass the most substantial bank regulatory relief since the crisis, but any disruption of the post-crisis regime is still eclipsed by how much the bill enshrines Dodd-Frank.

Democrats used a hearing with Fed Chair Jerome Powell to lay the groundwork for an intraparty debate over the merits of the Senate’s regulatory relief bill.