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Reps. Maxine Waters, Barney Frank and nine others wrote regulators in 2010 that the founders of the now-troubled CertusBank were "of unquestioned character and reputation."

Key Democrats Backed Troubled CertusBank's Charter Bid

Barney Frank, Maxine Waters and nine other Democrats urged financial regulators in 2010 to consider Certus' charter as a way to create a large minority-run bank headed by managers of "unquestioned character." That bank's big problems since suggest that, at minimum, the vote of confidence was misguided.

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