Regulators ask Congress to give small banks a break

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Seeking to provide some regulatory relief to community banks and other small financial institutions, bank regulators are asking Congress to consider several changes to the 2010 Dodd-Frank financial reform laws.

The regulators, which include the Federal Reserve and Federal Deposit Insurance Corp., sent dozens of pages of testimony to lawmakers ahead of a Senate Banking Committee hearing Thursday on how to improve economic growth by loosening regulations on smaller-sized banks.

by CNN Money