The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $250 million after the company "wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent," according to CFPB Director Rohit Chopra.
The lawmakers are reacting to whistleblower testimony highlighted in a report by the House Judiciary Committee and Select Subcommittee on the Weaponization of the Federal Government.
The House Oversight Committee led by Republican Chairman James Comer has issued subpoenas to several major banks requesting financial records belonging to the Biden family, while Democrats on the committee have accused Comer of withholding information and playing political games.