This week, the CEOs of seven of the nation’s largest retail banks testified before the House and Senate. These hearings came at a time of significant economic uncertainty for the country as consumers grapple with historic levels of inflation, declining wages, and a potential recession ahead. Fortunately, America’s leading banks remain well-positioned to support families and small businesses across every community they serve, just as they’ve done throughout this pandemic.
Policymakers on Capitol Hill should recognize the important role banks have and will continue to play as financiers of the American Dream and guardians of our economy.
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