Policy & Regulation

Fourteen of the nation's biggest banks are expected to pay a combined $10 billion to settle allegations they mishandled foreclosures that followed the housing crisis.

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

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As the Financial Stability Oversight Council works through its checklist of jobs mandated by the Dodd-Frank Act and continues a project to spur reform of the money market mutual funds, the big question is: What will the interagency body focus on next?

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.

GFA Federal Credit Union in Gardener, Mass., has completed its acquisition of Monadnock Community Bank.

Collection law firm Peroutka and Peroutka has settled charges brought by the Justice Department that it violated the Americans with Disabilities Act by refusing to accept calls using Video Relay Service.

The President's nominee for the No. 3 job at the Justice Department would face tough questions from congressional Republicans over an issue critical to banks.