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This Freshman GOP Senator Could Defy Wall Street

  • John Neely Kennedy won’t say where he stands on rule change
  • Republicans pushing mandatory arbitration for bank customers

Banks have a challenge when Congress returns from summer recess next week. His name is John Neely Kennedy.

The freshman Republican senator from Louisiana is one of a handful of lawmakers who could squash the finance industry’s dream of tweaking a key Consumer Financial Protection Bureau regulation. So far, he’s not saying whether he will or won’t.