WASHINGTON -- Sen. Alfonse M. D'Amato, R-N.Y., terrified the banking industry in 1991 when he rammed a creditcard rate cap through the Senate.

Although the measure never made it into law, the episode cemented his reputation as an enemy of the banking industry. And it is just that reputation that concerns some bankers as Sen. D'Amato prepares to take charge of the Senate Banking Committee in January.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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