Victoria Finkle

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.

Senate Banking Committee Chairman Tim Johnson unveiled the panel's agenda for the 113th Congress on Tuesday, emphasizing continued oversight of the Dodd-Frank reform law.

Sen. Michael Crapo said he wants to usher in a new era of bipartisan cooperation as the Banking Committee's top Republican.

Former banker John Delaney may just be a freshman congressman in the House of Representatives, but his industry experience could make him an important commodity as key financial services bills come up for vigorous debate.

White House Chief of Staff Jacob Lew is something of an unknown quantity to the financial services industry.

The congressional playbook for the new year is a familiar one, as lawmakers will continue to oversee implementation of the Dodd-Frank reform law and possibly begin to make inroads on housing finance reform.