The American Bankers Association will not complete the overhaul of its grassroots lobbying operation in time to affect this year's debate on financial reform.

ABA president R. Scott Jones, who called for the fix after the group was outlobbied by the credit union industry last year, said the new system will be presented to the board in July, making it unlikely that it could be fully implemented before Congress wraps up its work for 1999.

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