Stacy Kaper

Rep. Spencer Bachus was formally selected by the Republican Steering Committee on Tuesday to serve as chairman of the House Financial Services Committee next year, beating back a challenge from Rep. Ed Royce, R-Calif.

WASHINGTON — Rep. Spencer Bachus, R-Ala., who just a few months ago was seen as unlikely to assume the top spot on the House Financial Services Committee if Republicans won control of the House, is now the odds-on favorite to become chairman.

WASHINGTON — As questions have mounted about the legality of thousands of foreclosures across the country, lawmakers have ratcheted up the rhetoric in criticizing lenders and urging them to take actions to help homeowners. But a key issue remains: What will Congress do about it?

WASHINGTON — With the 2010 elections close at hand, Democrats are at risk of losing their No. 2 lawmaker on the House Financial Services Committee.

WASHINGTON — Senate Banking Committee Chairman Chris Dodd announced Thursday he would finish negotiating a bipartisan regulatory reform bill with Republican Sen. Bob Corker.