Regulators Feud as Banking System Overhauled

Two of the nation’s most powerful bank regulators were once again at each other’s throats.

At a public meeting three weeks ago, John C. Dugan, the comptroller of the currency, blasted a proposal to impose stiff new insurance fees on banks as unfair to the largest banks, which he regulates. The financial crisis stemmed in part from problems at small banks, he insisted.

Sheila C. Bair, chairwoman of the Federal Deposit Insurance ... Full Story »