WASHINGTON - Federal regulators objected Thursday to legislation that would prevent the Federal Deposit Insurance Corp. from building its reserves without limit.

FDIC Chairman Ricki Helfer told the House Banking Committee's financial institutions subcommittee that the bill would interfere with the agency's risk-based premium system, which charges weaker banks higher insurance rates.

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.