Katie Porter actually said...

Whether it is intentional or not, the Federal Reserve has a pattern here of prioritizing banks' profits.

In fact, in my, maybe third, hearing in Congress, in the early spring of 2019, I asked Chairman Jerome Powell about the weakening of the cap...

If the Federal Reserve consistently prioritizes banks' profits over the stability of the banking system--if that is, in fact, what they do, ...

It sounds like Congress is not the only entity bowing to pressure from big banks.