Attempting to quiet congressional criticism, Comptroller of the Currency Eugene A. Ludwig on Thursday defended his regular contact with bankers.

"Frequent discussions with bankers, bank customer groups, and others affected by bank regulation and supervision are critical to carrying out the OCC's responsibilities as effectively and efficiently as possible," Mr. Ludwig said in a Feb. 6 letter to Rep. Spencer Bachus, chairman of the House Banking Committee's investigations subcommittee.

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.