"Democratic Sen. Jon Tester, a member of the Senate Banking Committee, is locked in a tight reelection race against Republican Rep. Denny Rehberg," writes American Banker’s Kevin Wack.
Rehberg is attacking Tester for having sponsored a bill that would have delayed limits on debit interchange fees in Dodd-Frank’s Durbin rule.
Whereas Tester "implied it was the six-term GOP congressman who lacked independence as demonstrated by his vote against the Dodd-Frank Act," writes Wack.
"It held Wall Street accountable," said Tester, and Rehberg "opposed it, for obvious reasons."
Got that? In sum: they are each trying to paint the other as beholden to the financial services industry.
"The Montana campaign is getting a lot of national attention because it is one of several races that will determine whether the Senate swings into Republican hands," observes Wack.
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