WASHINGTON - A House panel working on legislation to freeze new regulations rebuffed the House Banking Committee's plea that safety and soundness rules be exempted from the moratorium.

A Government Reform and Oversight subcommittee voted 10-4 in favor of the regulatory moratorium Wednesday, drawing a sharp rebuke from House Banking Committee members.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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