Sen. Bob Menendez (D-N.J.), charged with bribery, gave Wall Street bank executives a pop quiz about their own corporate misbehavior that they all failed.
On Wednesday, at a congressional hearing, the embattled Menendez grilled Wall Street executives about how much money the Consumer Financial Protection Bureau ordered each of their firms to pay back to consumers for allegedly violating federal laws including charging illegal junk fees and opening fake customer accounts. Through his questioning, the senator was attempting to show that, contrary to what the bank CEOs argued, new financial regulations do benefit everyday customers.
