Two key industry trade groups Thursday endorsed House Banking Committee Chairman Jim Leach's latest gambit to roll back regulations and expand bank powers.

In a joint letter faxed to all Republican members of Congress, the American Bankers Association and the Independent Bankers Association of America said, "It is time for this Congress to move forward with meaningful regulatory relief."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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