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Comproller of the Currency

Critics claim Volcker rule skirts cost-benefit laws

(Reuters) - "Opponents of the Volcker rule, which bans U.S. banks from proprietary trading, are exploring whether regulators violated two obscure laws that require them to study the costs to business, a move that could lead to a possible legal challenge."

"The U.S. Chamber of Commerce says bank regulators appear to have failed to meet their obligation to fully study the Volcker rule's cost to the financial industry and the economy."