By Andrew Dunn, The Charlotte Observer
21 November 11
As Congress and US agencies contemplate hundreds of rules, Wells Fargo helps the industry mobilize resources of persuasion.
The money banks spend on lobbying is on pace to reach a record high again this year as the industry battles to weaken or repeal hundreds of rules being crafted by federal regulators.
Lobbying outlays by the five biggest spenders in the commercial banking sector increased 12 percent in the first three quarters of 2011 over the same period last year, an Observer analysis of federal lobbying disclosure records shows.
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