Brian Moynihan, a contender to become Bank of America Corp. chief executive, has agreed to testify before Congress about his role in the Merrill Lynch & Co. takeover, said people familiar with the matter.

Moynihan, 50, who now heads consumer banking at B of A, is to appear at a House Oversight Committee hearing on Nov. 17, according to two people who spoke anonymously. He is to be joined by Timothy Mayopoulos, whom Moynihan succeeded as general counsel in December as the Merrill deal nearly unraveled. Mayopoulos has been interviewed privately, another person said.

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