WASHINGTON — President Obama pressed executives from the country's biggest banks Monday to stop lobbying against his proposed financial regulatory overhaul and help get the U.S. economy back on its feet by boosting lending.

"I made very clear that I have no intention of letting their lobbyists thwart reforms necessary to protect the American people," Obama said after meeting for more than one hour with the leaders of 12 banks. "If they wish to fight common-sense consumer protections, that's a fight I'm more than willing to have."

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