Sen. Alfonse M. D'Amato, R-N.Y., heaped praise on the banking industry and its regulators Wednesday for reacting quickly to a decline in consumer credit quality.

The Senate Banking Committee chairman called bankers "vigilant" and commended regulators for being "tuned in to this situation."

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.