ABSTRACT

Holding Wells Fargo Accountable: Examining the Role of the Board of Directors in the Bank's Egregious Pattern of Consumer Abuses, Hearing Before the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, Second Session, March 11, 2020   [open pdf - 2MB]

This is the March 11, 2020 hearing on "Holding Wells Fargo Accountable: Examining the Role of the Board of Directors in the Bank's Egregious Pattern of Consumer Abuses," held before the U.S. House Committee on Financial Services. From the opening statement of Maxine Waters: "Directors at Wells Fargo and institutions across this country must understand that they are the last line of defense when it comes to protecting their company's shareholders, employees, and customers. [...] Over the past decade, Wells Fargo's board, management, and regulators have all failed to fix the company's internal control weaknesses that caused enormous harm for millions of consumers throughout the country. The Majority staff's report examines Wells Fargo's compliance with five consent orders that required the company's board and management to clean up the systemic weakness that has led to widespread consumer abuses and compliance breakdowns." Statements, letters, and materials submitted for the record include those of the following: Elizabeth A. Duke and James H. Quigley.

Report Number:
Serial No. 116-92
Publisher:
Date:
2021
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations