Comptroller of the Currency Eugene A. Ludwig, in a speech to bankers Monday, defended his agency's moves to modernize the national charter.

Mr. Ludwig also criticized lawmakers for failing to keep pace with the marketplace, where new products and services continue to be developed despite outdated laws.

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.