Big banks expected to testify before House Financial Services Committee in March

One of the bank executives expected at the hearing told CNBC that Waters said “she wanted to get all the CEOs in to talk about how they could better support the economy.”

One source told CNBC the testimony would likely be confrontational.

Waters has been a critic of the big banks throughout her career. Last year, she pledged to roll back deregulation efforts on the financial industry that were pushed through by the Trump administration and the Republican party.

She has also repeatedly sought documents from Deutsche Bank about Trump’s finances and its role in a 2011 Russian money-laundering scheme. She went so far as to call for a subpoena of those documents, but Republicans in charge of the committee ignored her efforts. The bank told Congress that privacy laws prevented it from handing over such information.

The executives will also be testifying before Rep. Alexandria Ocasio-Cortez, D-NY. Recently, Ocasio-Cortez proposed a 70 percent tax rate on earnings above $10 billion.

—Reuters, and CNBC’s John Harwood contributed to this report.

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