The Ohio senator wants to make it harder for the largest megabanks to acquire failed lenders.
— the Trump-backing former venture capitalist — is trying to lead Republicans in a new cause: cracking down on big banks.
Warren, who enlisted Vance to build GOP support for a bill to claw back compensation from executives of failed banks, said he’s been “terrific to work with.” “There’s a broad attempt to rethink the way that Republicans govern, and Vance is clearly a leader of that,” said Matt Stoller, a progressive who serves as director of research at the American Economic Liberties Project. “He wants to rebuild the banking industry to bring it closer to Ohio, closer to local communities — and then kind of rebuild a more decentralized banking system.”
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