WASHINGTON The banking industry is often cast in Washington as a story of David and Goliath the struggling mom-and-pop community bank versus the hulking, careless megabank.
But the old narrative is being revisited in the fight over the Dodd-Frank Act's $50 billion asset threshold for enhanced prudential standards. A loose coalition of more than a dozen regional banks is lobbying hard to do away with the cutoff or at least get it raised.
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