Kamala Harris Pursued Banks Without Earning Industry-Bashing Reputation
- Biden’s No. 2 took strong stands as senator, attorney general
- Ex-California AG gained national profile in foreclosure accord
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Democrats on Wall Street welcomed Joe Biden’s choice of running mate Kamala Harris as a sign that party progressives who favor more aggressive bank regulation had been kept at bay. But her track record in the Senate and in state government might give the financial industry pause.
Harris’s political rise was paved with a strong post-crisis stand against big mortgage lenders as California attorney general in talks that forced lenders including Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. to pay $18 billion to settle claims they improperly foreclosed on borrowers.