WASHINGTON Sen. Elizabeth Warren may have a reputation as the banking industry's toughest foe, but behind the scenes she's formed a growing alliance with community banks, a widespread and politically powerful group.
Just six months into her term in office, the Massachusetts Democrat has already raised concerns about the need for a two-tiered regulatory system and pressed regulators to pull back on applying Basel III standards to smaller banks all the while continuing her attacks on "too big to fail" and the country's largest institutions.
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