WASHINGTON - A top Treasury Department official and the House Banking Committee's ranking Democrat warned in separate speeches Wednesday that more consumer protections are needed for Internet banking and other high-tech services to flourish.

"There may be no part of our economy that is more suited to delivery over the Internet than financial services," Gary Gensler, the Treasury's under secretary for domestic finance, said in a luncheon speech to the Exchequer Club. "But consumer confidence is critical to achieving the full promise of electronic commerce."

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