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Bank CEOs to Go Before Congress, With Economy and High Inflation in Focus

WASHINGTON—The heads of seven of the largest U.S. banks are set to face questions from Congress on hot-button issues including money-transfer scams, the state of the U.S. economy and a credit- and debit-card code that identifies when purchases are made at firearms stores.  

Bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon, Citigroup Jane Fraser and Wells Fargo & Co.’s Charles Scharf, plan to offer a favorable picture of an industry they say helped the economy recover from a pandemic-induced recession, according to prepared remarks. Two days of hearings start Wednesday.