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Statement on Wells Fargo Hearing

09/29/2016

 

“Wells Fargo has betrayed its customers, and I eagerly anticipate the results of the House Financial Services Committee’s in-depth investigation into the bank’s practices.   Today’s hearing is just the beginning of the process, which includes gathering thousands of pages of records and documents from Wells Fargo and relevant regulators.   What we’ve heard so far is an example of fraud, theft, and a betrayal of trust.  It’s also an example of a failure of government regulators, who were supposed to be in place to catch this kind of activity.  At the very least, Wells Fargo CEO John Stumpf is accountable for this betrayal of trust, and he should resign."

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    9067 South 1300 West Suite101
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    Phone: 801-996-8729
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