WASHINGTON — The Dodd-Frank Act has become the catchall for a litany of alleged harms, not the least of which is the decline of small banks.

Sen. Marco Rubio, R-Fla., a presidential contender, charged earlier this month that the reform law is "eviscerating" the community banking industry — an all-too-common refrain, even if his data proved to be overstating the case.

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