Midsize and regional banks are seizing what they see as a window of opportunity to push forward on regulatory reforms, hoping to make headway on the issue while larger banks are still widely distrusted by the public.

On Thursday, 88 banks sent a letter to the House urging lawmakers to exempt midsize and regional banks from Dodd-Frank Act requirements aimed at preventing a failed bank from threatening the broader economy. Ranging in size from the $1 billion-asset Cenlar in Ewing, N.J., to the $366 billion-asset PNC Financial Services Group in Pittsburgh, the banks stressed that the cost of complying with regulations is sapping resources and inhibiting their ability “to successfully meet the credit needs” of consumers and businesses.

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