WASHINGTON - A group of independent industry experts scolded the Federal Reserve on Monday for opposing a merger of the bank agencies.

The Shadow Financial Regulatory Committee endorsed the Clinton administration's plan to consolidate bank regulation into a single agency, but did offer five suggestions to improve the proposal.

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.