Ian McKendry

President-elect Donald Trump's choice of well-known Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission was a relatively safe move that suggests his other financial appointments may be equally conservative, industry observers said.

The Senate Banking Committee will have six fresh faces in the new Congress as Republicans grapple with a slimmer majority.

The new year is shaping up to be the one in which sizable changes to the Dodd-Frank Act are finally enacted, thanks to Republican victories in the White House, Senate and House.

Although Steven Mnuchin has close ties to Wall Street and was involved in some contentious deals, Democrats face an uphill battle making the case that those connections disqualify him to serve as Treasury secretary.

A bipartisan duo of House lawmakers introduced a bill Thursday that would push Fannie Mae and Freddie Mac to engage in more credit risk-sharing transactions.

The debate over housing finance reform appears to have new life as both Democrats and the next administration appear ready to take up the issue.

Even before taking office, Treasury Secretary-designate Steven Mnuchin has said he wants to return Fannie Mae and Freddie Mac to the private sector, a radically different vision of housing finance reform than that pushed by other Republicans.

Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for bankers when it comes to his agenda.

John Allison, a contender for President-elect Donald Trump's Treasury secretary, is a staunch opponent of the Federal Reserve Board, the Basel international accords, the government's support of the housing finance industry and the Dodd-Frank Act of 2010.

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

President-elect Donald Trump said in a tweet Tuesday that he is considering Dr. Ben Carson — one of his opponents in the Republican primary — to head the Department of Housing and Urban Development.

If President-elect Donald Trump selects House Financial Services Committee Chairman Jeb Hensarling as his Treasury secretary, it would be a clear sign that he intends to embrace a more traditional Republican agenda when it comes to financial services issues.

Sen. Elizabeth Warren, D-Mass., sharply criticized President-elect Donald Trump's transition team on Thursday, saying he has reneged on his promises to "drain the swamp" and instead has put "swamp monsters" in charge.

Progressive Democrats sent a letter to Congressional leadership on Thursday urging them not to pass a budget bill that would reform the Consumer Financial Protection Bureau and other components of the Dodd-Frank Act.

House Financial Services Committee Chairman Jeb Hensarling recited a litany of priorities for his panel next year, touching on everything from the very broad, like housing finance reform, to the specific, including targeting a proposal to rein in payday lending.

Sen. Elizabeth Warren delivered a blunt message to fellow Democrats not to make any deals when it comes to restructuring the Consumer Financial Protection Bureau. But whether the progressive Democrat can hold the line with her colleagues or stave off Republican attempts to rejigger the agency using filibuster reform remains to be seen.

There was another surprise Tuesday as Republicans managed to keep a Senate majority following the elections, likely giving the gavel of the Banking Committee to Sen. Mike Crapo, a right-of-center Idaho lawmaker who has proven willing to reach across the political aisle in the past.

Republican presidential nominee Donald Trump's shocking victory left world markets rattled, and financial services companies facing an uncertain future.

Despite more than a year of campaigning, Donald Trump remains a huge question mark when it comes to banking policies — making it unclear exactly what his priorities will be now that he has upset election forecasts and succeeded in winning the White House.

If Democrats succeed in winning control of the Senate after next week's election, the gavel of the Senate Banking Committee is likely to fall to Sen. Sherrod Brown, a progressive from Ohio who has called on the biggest banks to hold significantly more capital.