Thrift regulator under fire

With the collapse of Miami-based BankUnited on the heels of failures by IndyMac and Washington Mutual, the federal Office of Thrift Supervision is coming under increased scrutiny for failing to appropriately oversee the nation’s thifts.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the OTS is a likely target for elimination if Congress decides to overhaul the web of financial regulatory agencies.

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

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