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Lobbyist Pawlenty Rankles Banks in Consumer Bureau Battle

Tim Pawlenty, the former Minnesota governor turned bank lobbyist, is backing down from an election-style campaign against the U.S. Consumer Financial Protection Bureau after complaints from the firms he represents.

Pawlenty’s group, the Financial Services Roundtable, started a website and bought ads on billboards and social media, attacking a website the regulator uses to collect complaints about banks and other financial-services providers.