Sheila Bair of the Federal Deposit Insurance Corporation (FDIC) and John Dugan, the Comptroller of the Currency, have fallen out over Ms Bair's deposit-insurance reforms.

ECONOMIST: Overhauling financial regulation

"It doesn't specifically require them to make a certain amount of loans or deploy the capital in a particular, proscribed way, " said John Dugan, comptroller of the currency.

NPR: Despite Cash Injection, Banks Cautious On Lending

Scheduled to testify Wednesday: Federal Deposit Insurance Corporation Chairman Sheila Bair, Comptroller of the Currency John Dugan, Office of Thrift Supervision Director John Dugan and Federal Reserve Governor Randall Kroszner.

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