WASHINGTON - The Clinton administration on Tuesday endorsed a variety of legislative proposals aimed at easing regulations bankers say have become unnecessarily burdensome.

Testifying before a House banking subcommittee, Under Secretary of the Treasury Frank W. Newman, Comptroller of the Currency Eugene A. Ludwig, and Jonathan L. Fiechter, acting director of the Office of Thrift Supervision, pledged to work closely with Congress to cut unnecessary red tape.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.