WASHINGTON — Members of the House Financial Services Committee grilled chief lawyers from the banking agencies on Tuesday, airing a wide range of grievances, including some related to a temporary Volcker Rule exemption and a Department of Justice crackdown on the payday loan industry.

Republicans and some Democrats were quick to raise concerns about regulators' decision on Monday to give banks two additional years to bring their collateralized loan obligations in compliance with the Volcker Rule, arguing that the delay falls short of solving the problem.

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