Consumer Confidential: Amid high fees and record profits, banks are desperate for 'much-needed regulatory relief'

The American Bankers Association has been running TV commercials patting various lawmakers on the back for supporting "much-needed regulatory relief to help banks better serve their customers and communities."

One such ad praised California state Rep. Lou Correa, D-Santa Ana, for his vote in favor of a bipartisan bill that rolled back portions of the landmark Dodd-Frank financial-reform law.

Correa, the ad said, "knows banks help communities thrive," so he voted in favor of "cutting needless regulations" and "allowing banks to support families."

What he did was cast a "yes" vote for the Economic Growth, Regulatory Relief and Consumer Protection Act, which President