Big banks. Credit card companies. Payday lenders. For years, Democrats have railed against the stranglehold these companies had over our financial system, decrying predatory practices like overdraft fees and astronomical interest rates.
Partly due to a lack of competition, big banks were able to harm consumers while dodging economic and regulatory consequences. As Sen. Elizabeth Warren put it in a 2013 congressional hearing, "Too big to fail has become too big for trial."
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