Fearing financial reform will dilute their charter, thrift executives are asking Congress to slow down and simply merge the deposit insurance funds this year.

However, that would require lawmakers to renege on a deal they made last year to gain bankers' support of the Savings Association Insurance Fund rescue. In return for their financial help, bankers insisted that a new industry charter be created before the thrift fund could be merged into the Bank Insurance Fund.

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.