Updated Saturday, November 22, 2014 as of 9:07 PM ET

Pawlenty: Banks Need to 'Stop Doing Stupid Things'

WASHINGTON - In his first press conference since being named head of the Financial Services Roundtable, former Minnesota Gov. Tim Pawlenty said he would seek a "refinement" of the Dodd-Frank Act, but also added that banks need to do more to regulate themselves.

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