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ABA drops Volcker Rule lawsuit
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Banking, Volcker Rule
Monday, February 17, 2014
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The American Bankers Association said it will withdraw its Volcker Rule lawsuit in light of regulators’ efforts to adjust recently released rules the association said would have harmed many community and mid-size banks. ABA President Frank Keating said the group is still concerned about the rules but hopes to work with regulators on those remaining issues “without the chilling impediment of pending litigation.” Read on for the details.
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