WASHINGTON - The Office of Thrift Supervision has given itself until Feb. 15 to rule on E-Trade Group Inc.'s application to buy Telebanc Financial Corp., but the two firms are urging the regulator to move faster.

Menlo Park, Calif.-based E-Trade filed its application with the OTS in June. On Friday the OTS declared that the application was "complete" and that the agency would make a decision within 60 days. But a clause in E-Trade's deal with Arlington, Va.-based Telebanc allows either party to walk away Dec. 31 if the deal has not been closed.

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