Wall Street ramps up efforts related to Dodd-Frank Act

04/22/2011 | Wall Street Journal, The

The financial-services industry has increased spending on lobbying in Washington, D.C., to help shape how the Dodd-Frank Act is put into practice. Documents show that representatives of the industry are spending a considerable amount of time with regulators charged with writing rules. The industry is also encouraging lawmakers to repeal certain measures of the law. For example, much of the industry opposes restricting fees on debit card transactions.

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