POLITICS
03/18/2010 05:12 am ET Updated May 25, 2011

Key Pro-Bank Dem Shares 'Mega-Donors' With Obama

A group of "New Democrats" led by Representative Melissa Bean has reportedly won major concessions in the financial reform fight:

"The compromise reached late Wednesday between pro-reform House Democrats and the banker-friendly wing of the party could significantly weaken consumer protection in states where lawmakers support tougher rules against tactics such as predatory lending and excessive ATM fees than historically submissive federal regulators."

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