ORLANDO -- The nation's top thrift regulator blasted the industry for establishing a $100,000 fund that is expected to be used to fight the Department of Justice on fair-lending prosecutions.

"Here is the thrift industry now taking on the Clinton administration on fair-lending issues," said Jonathan Fiechter, acting director of the Office of Thrift Supervision. "It is not constructive."

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.