Two key lawmakers on Tuesday accused Comptroller of the Currency Eugene A. Ludwig of overreaching his authority to expand national bank powers.

Speaking at an Independent Insurance Agents of America conference, House Banking Committee Chairman Jim Leach said Mr. Ludwig views himself as "a regulator with regal authority to change the law."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.