The comptroller of the currency is aggrandizing his agency and undermining state authorities by granting national banks new powers, Senate Banking Committee Chairman Alfonse M. D'Amato charged Thursday.

Comptroller Eugene A. Ludwig "has displayed a clear disregard for the limits of his authority, for other state and federal regulators, and for the Congress," the New York Republican said at an oversight hearing. "We've got the czar of czars here."

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