ABSTRACT

Holding Wells Fargo Accountable: CEO Perspectives on Next Steps for the Bank That Broke America's Trust, Hearing Before the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, Second Session, March 10, 2020   [open pdf - 866KB]

This is the March 10, 2020 hearing on "Holding Wells Fargo Accountable: CEO Perspectives on Next Steps for the Bank That Broke America's Trust," held before the U.S. House Committee on Financial Services. From the opening statement of Maxine Waters: "Wells Fargo has opened 3.5 million fraudulent accounts in their customers' names, which cost consumers over $6 million; charged consumers for automobile insurance policies they did not need, resulting in some consumers losing their automobiles; engaged in illegal student loan servicing practices; charged consumers inappropriate overdraft fees; overcharged veterans for refinance loans; and fraudulently sold complex financial products to retail investors. [...] This hearing is the first of several the committee will be convening to hold Wells Fargo accountable." Statements, letters, and materials submitted for the record include those of the following: Charles W. Scharf.

Report Number:
Serial No. 116-91
Publisher:
Date:
2021
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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