In a speech Tuesday to the Association of Banks in Insurance, Comptroller of the Currency Eugene A. Ludwig tried to dispel what he called the "five myths about the banking industry's interests with respect to pending legislation."

Banking-related bills before Congress include legislation to repeal the Glass-Steagall Act and ease the industry's regulatory burden. The House has combined these measures and attached a five-year moratorium on the comptroller's power to expand bank insurance powers.

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