Rep. Marge Roukema said Wednesday that she is "shocked" by reports that the White House used national bank examiners to "lobby" banks on the Community Reinvestment Act, and she vowed hold a hearing.

"The OCC's independence has clearly been undermined by this episode and calls into question its ability to withstand political pressures," said Rep. Roukema, chairwoman of House Banking's financial institutions subcommittee.

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.