WASHINGTON Support for fully exempting community banks from the Volcker Rule continues to grow, but advocates fear it could be waylaid by a larger fight in Congress over changes to the Dodd-Frank Act.
Lawmakers are gearing up for a debate over modifications to the 2010 financial reform law, and relief efforts for smaller financial institutions are expected to be central to that fight. The Senate Banking Committee has scheduled two hearings on the issue, on Feb 10 and Feb. 12, and it's likely that changes to the Volcker Rule will be among the many small-bank provisions discussed.
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