WASHINGTON - A coalition of consumer groups took aim Monday at the banking industry's plan for regulatory relief, proposing instead a four- point plan to reduce paperwork and enhance customer protection.

"Our proposals are meant to simplify the process and save consumers a significant amount of money," said Michelle Meier, government affairs counsel to Consumers Union.

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.