Two measures that the banking industry is hoping to see pass in the Senate are being stymied by Republican Sen. Jim DeMint. His hold on the bill that combines the two measures is "an effort to force a symbolic vote on repealing" on Dodd-Frank, writes American Banker's Kevin Wack.
"It can't be fixed one piece at a time. We need to repeal Dodd-Frank to stop the harm it's doing to our economy," says DeMint.
The measures have already passed in the House and have
The second is to end a requirement for a physical signage about fees at ATMs. "The ATM measure is a response to
So will DeMint change his mind before summer recess? "Banking lobbyists are now hoping that DeMint will back down in the face of pressure from small banks in South Carolina that could benefit from the ATM bill," writes Wack.
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