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Small banks fear regulation ‘tidal wave’

Advocates of small banks and credit unions are warning Congress that mounting regulations could force them out of business.

Rules intended to protect consumers from abuse by major Wall Street banks have ended up hurting smaller institutions, they said at a House Small Business subcommittee hearing on Tuesday.

Read more at http://thehill.com/blogs/regwatch/finance/191897-small-banks-fear-regulation-tidal-wave

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