House Banking Committee Chairman Jim Leach, R-Iowa, last week introduced legislation to abolish the Thrift Depositor Protection Oversight Board.

The board's primary function, supervision of the Resolution Trust Corp., was lost in 1995 when the thrift industry cleanup agency was abolished.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.