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Big lobbyists battle for big and small clients over Dodd Frank fee cap


As the House Committee on Financial Services readies for next week's hearings to discuss new regulations for the banking industry, lobbyists lined up to battle over the changes, extending a battle between small banks, big banks and big retailers.

In a letter submitted to Congress on Tuesday, Feb. 8, the American Bankers Association said the potential changes, "will cause severe harm to the entire banking industry and, in particular, to community-based banks and the communities they serve."

The ABA's dire warning is a response to proposed regulations by the Federal Reserve on debit card and credit card fees ...

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