The Office of the Comptroller of the Currency is free to expand bank insurance powers now that efforts on Capitol Hill to rein in the regulator have failed.

But will the Comptroller's Office take advantage of the opportunity? That's a tough call. Even though congressional attempts to slap a moratorium on the agency's ability to broaden bank insurance powers were unsuccessful, OCC officials are concerned about going too far, which could spur a backlash in Congress.

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