When the American Bankers Association met in Washington recently, the speakers included the A list of public officials who oversee the financial sector, including Treasury Secretary Janet Yellen and the current and former chairs of key congressional committees.
But the group’s president Rob Nichols spent extra time introducing Sen. Tim Scott, a rising star from South Carolina who was just weeks into his new role as the top Republican on the Senate Banking, Housing, and Urban Affairs Committee.
Scott’s ascension has thrust him into a leading role charting Washington’s response to the collapse of two mid-sized banks that have rattled ...