WASHINGTON -- A key consumer group is wading into the battle over legislation intended to make the federal banking agencies a little more independent.

The Senate amended the Community Development Financial Institutions Act to lessen the administration's control over the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Among other provisions, the measure would bar Treasury from intervening in enforcement proceedings.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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