WASHINGTON — As Senate leaders celebrated passage of regulatory reform Thursday, financial industry lobbyists were already focusing on the myriad problems they hope to fix before enactment.

The industry is hoping to use the reconciliation process — in which House and Senate leaders iron out the differences between their versions of the legislation — to reverse a series of setbacks suffered during the past two weeks, including eliminating provisions that would regulate interchange fees on debit cards, prohibit banks from counting trust-preferred securities as Tier 1 capital and force institutions to spin off their swaps desks.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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