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Congressman Yoder Takes Heat for Bank Regulation Rollback

The government funding bill signed by President Obama included a rollback of some regulations for big banks, and that's drawn a lot of criticism. Critics have said the move may open the door for additional bank bailouts in the future. 
Kansas Congressman Kevin Yoder inserted the language repealing the regulations in to a previous bill. The Kansas City Star reports the language was then inserted by staff members into the government funding bill.
Critics point out that Yoder has received significant donations from the banking industry.
Yoder denies pressure from the industry led to him pursuing the language. He says he didn't know the change would be used in the recent funding bill.
Yoder says there are too many banking regulations on the books that had unintended consequences. He blames the criticism on what he calls the "far left" and says it shows the critics don't want compromise.

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