House Banking's financial institutions subcommittee has tentatively scheduled a hearing June 16 to address loan-loss reserves. The announcement came amid a renewed battle between banking and securities regulators over the controversial accounting issue.
Subcommittee Chairwoman Marge Roukema, R-N.J., said she hoped the hearing would "clear the air." "This is an important safety-and-soundness issue, as well as an accounting matter," she said. "The agencies should be working together."