WASHINGTON — Sen. Elizabeth Warren on Thursday called into question the need for regulatory relief for small institutions, noting that they have continued to be profitable despite new rules under the Dodd-Frank Act.

While most lawmakers of both political parties typically equate helping community banks with apple pie and baseball in terms of their support, Warren signaled she has a different view. The Massachusetts Democrat warned that large banks are using smaller institutions for political cover to make changes to the 2010 financial reform law.

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.