"Calls for Banking Regulation Increase Amid Criticism of Fed Chair"

A lobbying campaign that cost tens of millions of dollars and drew an army of hundreds of lobbyists helped roll back portions of a far-reaching 2010 law intended to prevent a future financial crisis. Those changes are now being blamed for contributing to the recent collapse of Silicon Valley Bank and Signature Bank that prompted a federal rescue and has stoked anxiety about a broader banking contagion. The banking industry spends prodigiously to fight regulation and often hires former members of Congress and their staff to make the case that they are not a source of risk to the economy.