In a bid to save their industry, America's Community Bankers told members of the House Commerce Committee last week that eliminating the thrift charter would make it harder for securities and insurance firms to offer banking products.

"We hope that you ... decide it would be better to allow federal savings associations and unitary thrift holding companies to continue to operate side by side with commercial banks," ACB director of government relations Robert R. Davis said in a July 17 letter.

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