Election 2016

President Obama called for Fannie Mae and Freddie Mac to be eliminated, but Democratic policymakers attending the convention in Philadelphia appear resigned to the fact that Congress is unable to act on housing finance reform.

Sens. Bernie Sanders, D-Vt., and Elizabeth Warren, D-Mass., said presumptive Democratic presidential nominee Hillary Clinton will ensure big banks do not again threaten the financial system.

Most banks are staying away from both the Republican and Democratic national conventions, in part because both parties are engaging in anti-bank rhetoric.

It's been one hell of a Republican National Convention, complete with accusations of plagiarism and a hostile reception for a rival that refused to endorse Donald Trump, but two bank sponsors see it as an unqualified success in spotlighting their home area.

Donald Trump's decision to embrace the reinstatement of the Glass-Steagall Act is part of an effort to cast him as the champion of community banks, according to his top advisers.

While surprised and alarmed by Donald Trump's decision to add the reinstatement of the 1930s-era banking law to the GOP platform, Republican lawmakers at the convention in Cleveland maintained that Trump is a better choice for the economy and the financial system. Here's why.

Paul Manafort, the campaign manager for the presumptive Republican presidential nominee, said Monday during a press briefing that reinstating the law, which separated commercial and investment banking, was one of the few changes Trump is proposing in the GOP platform.

The selection of Indiana Gov. Mike Pence as Donald Trump's running mate could clarify the presumptive Republican nominee's banking policy views, adding a policymaker to the ticket who has been outspoken about the Dodd-Frank Act, "too big to fail" and the CFPB.

Sen. Bob Corker, R-Tenn., a member of the Banking Committee, has reportedly withdrawn as a potential running mate for GOP presidential candidate Donald Trump.

Sen. Mark Warner D-Va., blasted businessman Donald Trump Wednesday for his promises to be tough on Wall Street.

WASHINGTON — Presumptive Republican Presidential nominee Donald Trump pledged Tuesday to roll back regulations and accused rival Hillary Clinton of being beholden to Wall Street.

Donald Trump's campaign claimed that while Sen. Elizabeth Warren, D-Mass., has criticized the New York real estate businessman for taking contributions from Wall Street, Hillary Clinton has accepted more than $41 million from "Wall Street interests."

On the one hand, Sen. Elizabeth Warren's potential elevation to vice president could give significant influence if Hillary Clinton wins the White House. But it would also remove a significant voice for reform from a key spot on the Senate Banking Committee.

More than a third of likely voters backing Democrat Hillary Clinton in the latest Bloomberg Politics national poll say she should pick Senator Elizabeth Warren of Massachusetts, a darling of the party's liberal wing, as her running mate.

House Republicans' plan to subject all federal regulators to the Congressional appropriations process is alarming industry observers, who argue it could hurt both banks and consumers.

House Speaker Paul Ryan, R-Wis., unveiled a Republican agenda Tuesday aimed at jump-starting the economy which includes a number of financial reforms including revamping the Consumer Financial Protection Bureau and limiting bank regulations.

Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.

With Democrats already opposing a bill by Rep. Jeb Hensarling, R-Texas, to roll back Dodd-Frank, his chances of long-term success depend on support by Donald Trump. The two met to discuss the plan on Tuesday.

Presumptive Democratic nominee Hillary Clinton appears likely to embrace a recent plan to merge Fannie Mae and Freddie Mac into a single government corporation if she wins the White House.

While Donald Trump has successfully dodged laying out clear policy goals, the exchange on Twitter clearly got underneath the New York businessman's skin and may force him to provide a few more specifics ahead of the general election.