WASHINGTON - Rep. Bill McCollum, a rising star in the new Republican Congress, is trying to broker a compromise to cure the ailing thrift industry fund.

The Florida Republican's deal would force banks to pay part of the rescue tab. But in return, any surplus cash in the Bank Insurance Fund fund would be returned to the industry in the form of rebates.

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.