The CEOs of America’s seven biggest banks testified before Congress on Sept. 21, providing a snapshot of their efforts in the area of consumer protection and access to credit, while Democrat lawmakers grilled them on diversity and inclusion and Republicans focused on core economic issues and criticized Democrats for woke “posturing.”
The hearing—titled Holding Megabanks Accountable—kicked off with a statement by Rep. Maxine Waters (D-Calif.), chairwoman of the House Financial Services Committee, who noted that since last year’s hearings with bank chiefs, the nation has continued “to battle an ongoing epidemic of inflation” that’s squeezing American households.
