WASHINGTON — Though Democrats scored a big political victory in passing regulatory reform, many are already paying for it as the financial services industry directs more of its contributions toward Republicans and moderates who tried to pare back the revamp.
Bankers have traditionally favored business-friendly Republicans, but they appear more cognizant of the stakes this year. The GOP has a good shot at capturing the House and an off chance of retaking the Senate. If the Republicans seize either chamber, it could help efforts to revisit lost battles from the regulatory reform campaign.
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