Banking Groups Push Back Publicly on Biden Administration Regulations They Say Go Too Far

Banking trade groups are using legal action and public campaigns to push back on rules they say go too far.

Lobbyists say the Biden administration has picked regulatory heads who are unwilling to compromise.

Public battles contrast with past quiet lobbying behind closed doors on Capitol Hill.

Groups have accused regulators like the CFPB and Fed of overreach and filed lawsuits.

Tactics adopt a more aggressive playbook used by interest groups during the Trump administration.