Politics

Sherrod Brown of Ohio and Cory Booker of New Jersey unveiled a bill to ban overdraft fees on debit card transactions and ATM withdrawals — a move that could negatively impact a major credit union revenue stream.

Sherrod Brown of Ohio and Cory Booker of New Jersey unveiled a bill to ban overdraft fees on debit card transactions and ATM withdrawals.

The Senate recess is postponing the committee's vote as Democrats press Kathy Kraninger on involvement with zero-tolerance immigration policy at OMB.

Conservatives will continue to fight for the kinds of reforms embodied in the Choice Act for decades to come, and history suggests they will likely win out.

The banking industry group has so far endorsed six candidates in their re-election campaigns for the upcoming November elections.

With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension.

Rep. Maxine Waters said fixing Fannie Mae and Freddie Mac would top her list of priorities if Democrats take control of the House in this year's midterm elections and she becomes leader of the Financial Services Committee next year.

Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30.

The American Bankers Association will run advertisements in support of Reps. French Hill and Bruce Poliquin, who are incumbents this November. The group has now endorsed three Republicans and a Democrat.

The acting director’s proposal to subject the agency’s rules to congressional approval provides an important and overlooked check on administrative power.

The Montana senator, who faces a tough re-election fight, was a key backer of the bipartisan bill to ease certain provisions of the Dodd-Frank Act.

Banks need to be prepared for increased regulatory scrutiny as they adopt artificial intelligence technologies.

Brian Montgomery is examining why the reverse mortgage program has suffered big losses, but he said he opposes any changes that could make it harder for the elderly to stay in their homes.

The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation.

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.

The rise of AI, high-frequency trading and other complex activities is all the more reason for policymakers and financial executives to sharpen their understanding of science, technology, engineering and math.

Banks need to be prepared for increased regulatory scrutiny as they adopt artificial intelligence technologies.

Regardless of which party controls the House or Senate after the midterm elections, the financial services panels in both chambers could have new leaders.

Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year.

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election.