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Federal Court Gives Regulators Until Dec. 30 to Respond in Volcker Case

"A federal court Thursday partially granted banking regulators' request for additional time to respond to an industry group's demand that they halt a provision of the Volcker rule.

"The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency have until Monday to respond to the American Bankers Association's request to delay the provision, according to an order filed in the U.S. Court of Appeals for the District of Columbia Circuit.