What Financial Cos. Can Expect If Democrats Win House

By Aaron Cutler, Elizabeth Jose and Will Burgess (October 15, 2018, 2:44 PM EDT) -- It is widely expected that Democrats will take control of the House in the November 2018 midterm elections. A Democratic House Committee on Financial Services is expected to launch a broad range of investigations at financial services companies, particularly relating to consumer-facing issues. The Democratic staff would approximately double in size as a result of increased budgets for the party in control of the House. It should be expected that as chair, Rep. Maxine Waters, D-Calif., would hire many more lawyers and investigators with her increased staff budget. Congressional investigations pose numerous pitfalls for companies — impact on public relations and...

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