Law360, New York ( November 24, 2014, 10:50 AM EST) -- With a change in the leadership of the U.S. Senate comes the hope that regulatory relief will be on the horizon for the banking industry. While the Senate under the current Democratic leadership has remained distant from the rulemaking activities of the Consumer Financial Protection Bureau and other bank regulators, exercising little oversight of regulatory actions, the industry now anticipates that the new incoming Republican leadership will not sit on the sidelines. Rather, pursuant to recent analysis of the 2014 midterm election results released by the American Bankers Association, the industry now anticipates that the new incoming Republican leadership will be more active in their oversight responsibilities, and are likely to consider some regulatory relief bills in the 114th Congress....