2020 race pulls Warren away from Senate Banking
By Neil Haggerty
It’s a scene everyone braces for on the Senate Banking Committee. An executive or Trump-appointed regulator sits in a witness chair pondering how tough the questions will be, and Sen. Elizabeth Warren, D-Mass., enters the room. After Wells Fargo announced millions of fake accounts were opened in customers’ names, former CEO John Stumpf faced Warren at a September 2016 hearing where she called on him to resign. Less than a month later, he did. …“I think any financial executive, banker or nonbanker, who thinks he or she will have an easier time on Senate Banking because Sen. Warren is on the campaign trail is a mistake,” said Karen Shaw Petrou, managing partner at Federal Financial Analytics. “I think you can count on her to return if there is a headline hearing.”