Victoria Finkle

Lawmakers and industry officials continue to issue warnings about the impact of the Consumer Financial Protection Bureau's ability-to-pay rule, despite recent efforts by the agency to amend certain provisions to assuage industry concerns.

A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.

To hear critics of the Consumer Financial Protection Bureau describe the new agency conjures up images of an old horror flick.

The senator expects work first on a standalone bill to fix the Federal Housing Administration before delving into broader Fannie Mae and Freddie Mac reform.

Democrats and Republicans have been at a stand-off over Richard Cordray's nomination two years ago as the GOP fights for structural changes at the agency that Democrats staunchly oppose.

President Obama's nomination of Rep. Mel Watt to head the Federal Housing Finance Agency is highly likely to stall in the Senate, but that may not matter to the White House.

A bipartisan group of lawmakers is looking to amend a lending provision that classifies certain types of loans used to purchase manufactured housing as predatory.

While the Senate Banking Committee has clearly reached consensus on the need for mortgage finance reform, the process remains at a standstill beyond that.

Democratic lawmakers raised numerous concerns over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Community bankers sounded more warnings about the Dodd-Frank reform law and proposed Basel III requirements.

Sen. Barbara Boxer is urging officials to investigate whether banks are complying with certain provisions of the national mortgage settlement announced last year.

More than five years after the financial crisis, the banking industry is no longer at the forefront of the Obama administration's agenda.

The retirement of Senate Banking Committee chairman Tim Johnson at the end of next year has already prompted an elaborate guessing game about who will succeed him at the helm of the panel.

The banking panel voted 21-1 in favor of Mary Jo White and 12-10 in favor of Richard Cordray.

Rep. Mel Watt is on the shortlist to lead the Federal Housing Finance Agency, but it is unclear whether he—or any nominee—can survive the Senate confirmation process.

The House passed a bill by voice vote that would allow banks to opt out from sending annual privacy notices to customers unless the disclosures changed from the prior year.

The Senate Banking Committee examined the Federal Housing Administration's fiscal problems on Thursday, with lawmakers still divided on the best approach to take for reforming the troubled agency.

Sen. Elizabeth Warren defended the Consumer Financial Protection Bureau and its director Richard Cordray during remarks at a credit union industry conference.

Sen. Bob Corker released a statement downplaying an earlier report suggesting the lawmaker is "angling to broker a compromise" with President Obama over the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.

Anyone who has ever watched former Rep. Barney Frank at a hearing or give a speech knows that he is a tough act to follow.