Blaine Luetkemeyer

Senator warns bankers that Dodd-Frank relief could stall

A Democratic senator who supports rolling back some of the financial rules put in place after the 2008 financial crisis warned bankers Tuesday that the legislation will stall if it comes back to the Senate for another vote.

Sen. Mark Warner's comments are a warning shot to House Republicans, who are insisting on adding to Senate-passed legislation that would scale back the law known as Dodd-Frank.

The Virginia senator told members of the American Bankers Association that 16 Democrats and one independent who voted for the Senate bill have taken "an awful lot of heat" for a bill he said has been mischaracterized by some members of his own party. In other words,...