WASHINGTON — The American Bankers Association has decided to drop its lawsuit against the final Volcker Rule, saying regulators have already addressed some of the potential damage from the regulation.

The trade group said Wednesday it will continue to work with regulators to prevent other possible harm that small banks might suffer as a result of the rule, which banned proprietary trading and restricted investments in hedge funds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.