While their return on that investment is difficult to quantify, this much is clear: The financial industry’s spending helped slow down the pace of new regulation and gained it at least a few partial victories in a year filled with anti-bank rhetoric.
Last year’s lobbying expenditures by the commercial banking industry were up 9 percent from the year before, marking the sixth straight year of increased spending, according to data from the Center for Responsive Politics.
The financial sector as a whole spent more than $472 million.
That made the sector the third-biggest lobbying spender, behind the health care industry and general business associations like the U.S. Chamber of Commerce.
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