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Wells Fargo CEO John Stumpf, is sworn in before testifying at a Senate Banking, Housing, and Urban Affairs hearing in Dirksen Building, September 20, 2016, on the company's unauthorized accounts opened under customers' names.
T oo-big-to-fail Wells Fargo, with its too-big-to-whitewash scheme of charging customers for two million bogus accounts, has done something consumer champions have seldom accomplished on their own: showing ordinary Americans that even the most respected big corporations can opt for blatant, systematic cheating if their leaders believe they can get away with it.
CEO John Stumpf apologized for betraying customers' trust in a hearing by the Senate Banking Committee to answer questions about Wells Fargo employees opening unauthorized customer accounts.
Wells Fargo CEO, John Stumpf, under fire for a scandal in which bank employees opened millions of unauthorized customer accounts, has resigned from a national panel that discusses economic and banking issues with the Federal Reserve...
by Dawna Jones, Connecting Decisions to Creating Prosperity The CEO of Wells Fargo, before the US Senate Banking Committee on September 20th, 2016, was repeatedly requested by Senator Elizabeth Warren to accept some degree of accoun...
Sen. Elizabeth Warren called on Wells Fargo CEO John Stumpf to step down during a Senate Banking Committee hearing for his role in the bank's unauthorized accounts scandal. … Click to Continue »