Congressman Accuses Thrift Regulator: A member of...

Congressman Accuses Thrift Regulator: A member of a regional regulatory board overseeing savings institutions in four states did not fully repay loans from thrifts under his purview, a congressman said. Richard H. Hughes, a Dallas business executive, served on the board of the Federal Home Loan Bank of Topeka from 1979 until he was replaced Dec. 13. During his tenure, he received “multiple loans totaling $6 million from five different thrift institutions within the Topeka region,” Rep. Charles Schumer (D-N.Y.) said in a letter to Daniel F. Evans, chairman of the federal agency overseeing the Topeka bank and 11 other similar institutions.