House Banking Committee Chairman Jim Leach accused thrift industry executives Monday of breaking a promise to support legislation that would eliminate the thrift charter.

"We are in desperate need of interest groups that keep their word," Rep. Leach told a meeting of the Association of Financial Services Holding Companies here.

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.